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188 Hart Street, Brooklyn, ...

Jacob Bereger Acquires Multifamily Property For $1.38M In Bedford Stuyvesant
SOLDMultiFamily

Jacob Bereger Acquires Multifamily Property For $1.38M In Bedford Stuyvesant

188 Hart Street, Brooklyn, NY 11206

$1,380,000

$432/SF

Building Size

3,192 SF

Asset Type

MultiFamily

Closing

Jun 3, 2020

AI

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.

Players

Doron Berenholtz

The Corcoran Group

Broker

$16.5M

vol

16 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

11.49%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93