Updated Sep 9, 2024
Ari Harkov & Michael Sherman Brokered The Sale Of A Multifamily Property In Williamsburg For $4.8M
69 Havemeyer St, Brooklyn, NY 11211, USA
$5,900,000
$91/SF
Building Size
64,680 SF
Asset Type
MultiFamily
Closing
Jan 13, 2020
About this deal
AI
The multifamily property located at 236 N. 5th St. in Williamsburg has been sold for $4,832,487. The property consists of 4 units, with an average price per unit of $1,208,121. The total square footage of the property is 3,040, resulting in a price per square foot of $1,589.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,832,487
- Units: 4
- Price Per Unit: $1,208,121
- Square Footage: 3,040
- Price Per Square Foot: $1,589
Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens represented the buyer, while Michael Sherman from Baseline Real Estate Advisors represented the seller, The Chan Family.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93