Updated Dec 4, 2024
Cheskel Strulovitch Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $3.1M
16 Howard Avenue
$3,100,000
$242/SF
Building Size
12,800 SF
Asset Type
MultiFamily
Closing
Sep 20, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 16 Howard Avenue in Stuyvesant Heights, Brooklyn. The property consists of 8 units with a total square footage of 12,800. The sale price for this property was $3,100,000, resulting in a price per unit of $387,500 and a price per square foot of $242.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Units: 8
- Price per Unit: $387,500
- Square Footage: 12,800
- Price per Square Foot: $242
- Address: 16 Howard Avenue, Stuyvesant Heights, Brooklyn
- Market: Stuyvesant Heights, Brooklyn
The seller of this property was Cheskel Strulovitch. The broker representing the seller in this deal was Felix Ades from Northgate Real Estate Group.
Ridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Felix Ades to view all their deals.
Browse Ridge multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93