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222 Kosciuszko Street, Bedf...

Harold Martin Acquires Multifamily Property In Bedford - Stuyvesant For $8.2M
SOLDMultiFamily

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

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

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