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126 Herkimer Street, Brookl...

Lebowitz Family Acquires Bed-Stuy Multifamily For $3.68M With Brokers Mavashev, Normatov & Aminov
SOLDMultiFamily

Lebowitz Family Acquires Bed-Stuy Multifamily For $3.68M With Brokers Mavashev, Normatov & Aminov

126 Herkimer Street, Brooklyn, New York 11216, United States

$3,675,000

$349/SF

Building Size

10,508 SF

Asset Type

MultiFamily

Closing

Oct 27, 2022

AI

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.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.32%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93