Jacob Bereger Acquires Multifamily Property For $1.38M In Bedford Stuyvesant
SOLD
$1,380,000
New York
See Similar DealsMultiFamily3,192 SF
Sold 06/03/2020
SOLD
Jacob Bereger Acquires Multifamily Property For $1.38M In Bedford Stuyvesant
188 Hart Street, Brooklyn, NY 11206
See Similar DealsMultiFamily3,192 SF
Sold 06/03/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$432
Total Square Footage:3,192 SF
Transaction Type:Sale
The multifamily property located at 188 Hart Street in Bedford Stuyvesant has been sold in a recent transaction. The property spans 3,192 square feet and features multiple residential units. The sale price for this asset was $1,380,000, resulting in a price per square foot of $432.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 188 Hart Street
- Market: Bedford Stuyvesant
Jacob Bereger purchased the property from Fiona & Matt Carpenter. The deal was facilitated by Doron Berenholtz and Stephanie Ohayon from The Corcoran Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,902.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,541.90
Annual Debt Service$78,502.85
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