Harold Martin Acquires Multifamily Property In Bedford - Stuyvesant For $8.2M
222 Kosciuszko Street, Bedford-Stuyvesant, Brooklyn, NY, USA
$8,200,000
$587/SF
Building Size
13,970 SF
Asset Type
MultiFamily
Closing
Jun 6, 2018
AI
A multifamily property located at 222 Kosciuszko Street in Bedford - Stuyvesant, Brooklyn, was recently sold for a total price of $8,200,000. The property has a total square footage of 13,970, resulting in a price per square foot of $612. The transaction involved the sale of 16 units at a price of $534,375 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Total Square Footage: 13,970
- Price Per Square Foot: $612
- Units: 16
The seller of the property was Isaac Abraham of Witnick Properties. The buyer, Harold Martin, acquired the property through the involvement of brokers Shaun Riney, Daniel Greenblatt, William Grover, and Thomas Shihadeh.
Players
Brooklyn 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93