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Ari Harkov Of Brown Harris Stevens Acquires Multifamily Property In Greenpoint, Brooklyn For $4.55M

Property Image
SOLD
$4,550,000
Luke Sproviero
Hakeem Lecky
Donal Flaherty
+ 3

New York

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MultiFamily4,875 SF
Sold 12/28/2021
the dealplayerscompscontact
Property Image
SOLD

Ari Harkov Of Brown Harris Stevens Acquires Multifamily Property In Greenpoint, Brooklyn For $4.55M

236 Kingsland Avenue, Brooklyn, NY 11222

See Similar Deals
MultiFamily4,875 SF
Sold 12/28/2021
Luke Sproviero
Hakeem Lecky
Donal Flaherty
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$933
Total Square Footage:4,875 SF
Transaction Type:Sale

Located at 236 Kingsland Avenue in Greenpoint, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 6 units with a total square footage of 4,875. The sale price for this transaction was $4,550,000, resulting in a price per unit of $758,333 and a price per square foot of $933.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,550,000
  • Address: 236 Kingsland Avenue, Greenpoint, Brooklyn
  • Market: Greenpoint, Brooklyn

Ari Harkov from Brown Harris Stevens represented the buyer in this transaction. Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, and Corey Haynes from Bestreich Realty Group (BRG) represented the seller.

Players

Corey Haynes
Investment Property Realty Group (IPRG)
Corey Haynes
62 deals$228M volume(718) 360-1942
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Hakeem Lecky
Investment Property Realty Group (IPRG)
Hakeem Lecky
31 deals$91M volume
BROKER
Donal Flaherty
Investment Property Realty Group (IPRG)
Donal Flaherty
101 deals$367.7M volume(718) 360-8823
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Ari Harkov
Brown Harris Stevens
Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Donal Flaherty & Ari Harkov DATE: 12/28/2022 ADDRESS: 236 Kingsland Avenue MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily BUYER’S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) - Brown Harris Stevens SELLER’S REP: Derek Bestreich, Luke Sproviero (@DaLucien), Donal Flaherty (@Tefbreh), Hakeem Lecky & Corey Haynes (@Corey_Haynes) – Bestreich Realty Group (BRG) (@BRG_CRE) SALE PRICE: $4,550,000 UNITS: 6 ~ PPU: $758,333 SF: 4,875 ~ PPSF: $933

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$242,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86