Lebowitz Family Acquires Bed-Stuy Multifamily For $3.68M With Brokers Mavashev, Normatov & Aminov
SOLD
$3,675,000
New York
See Similar DealsMultiFamily10,508 SF
Sold 10/28/2022
SOLD
Lebowitz Family Acquires Bed-Stuy Multifamily For $3.68M With Brokers Mavashev, Normatov & Aminov
126 Herkimer Street, Brooklyn, New York 11216, United States
See Similar DealsMultiFamily10,508 SF
Sold 10/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$349
Total Square Footage:10,508 SF
Transaction Type:Sale
The multifamily property located at 126 Herkimer Street in the Bed-Stuy market has been sold for a total of $3,675,000. The property spans an area of 10,508 square feet, resulting in a price per square foot of $350. The transaction took place on October 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,675,000
- Market: Bed-Stuy
- Address: 126 Herkimer Street
The buyer of the property is The Lebowitz Family. The deal was facilitated by Lev Mavashev, Ben Normatov, and Daniel Aminov from Alpha Realty. These brokers represented the buyer in the transaction.
Note: No additional information regarding the property or individuals involved in the deal was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$196,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,056.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,421.37
Annual Debt Service$209,056.50
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