Yoel Blaustein Acquires Multifamily Property On Hart Street In Bedford Stuyvesant For $1.45M
18 Hart Street, Brooklyn, NY 11206, USA
$1,799,000
$443/SF
Building Size
4,056 SF
Asset Type
MultiFamily
Closing
Mar 24, 2021
AI
Located at 18 Hart Street in the Bedford Stuyvesant neighborhood, this multifamily property was sold on March 25, 2021. The property is zoned as R6B and spans 3,192 square feet. The sales transaction was facilitated by Doron Berenholtz from The Corcoran Group, representing the seller Howard Wilson, and the buyer was Yoel Blaustein.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 18 Hart Street
- Market: Bedford Stuyvesant
- Zoning: R6B
Doron Berenholtz, from The Corcoran Group, was the broker involved in this sale, representing seller Howard Wilson and assisting buyer Yoel Blaustein.
Players
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
8.82%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93