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18 Hart Street, Brooklyn, N...

Yoel Blaustein Acquires Multifamily Property On Hart Street In Bedford Stuyvesant For $1.45M
SOLDMultiFamily

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

Doron Berenholtz

The Corcoran Group

Broker

$16.5M

vol

16 deals

Broker

Yoel Blaustein

Buyer

$3.2M

vol

2 deals

Buyer

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