Ari Harkov & Daniel Kanidov Facilitate $2.19M MultiFamily Sale In Greenwood Heights
SOLD
New York
See Similar DealsMultiFamily1,440 SF
Sold 03/08/2024
SOLD
Ari Harkov & Daniel Kanidov Facilitate $2.19M MultiFamily Sale In Greenwood Heights
257 19th Street
See Similar DealsMultiFamily1,440 SF
Sold 03/08/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,521
Total Square Footage:1,440 SF
Transaction Type:Sale
The property located at 257 19th Street in Greenwood Heights, Brooklyn, was sold for $2,190,500. This multifamily asset consists of 2 units totaling 1,440 square feet, with a price per unit of $1,095,250 and a price per square foot of $1,521.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,190,500
- Units: 2
- Price Per Unit: $1,095,250
- Square Footage: 1,440
- Price Per Square Foot: $1,521
- Address: 257 19th Street
- Market: Greenwood Heights, Brooklyn
The buyer's representative in this transaction was Ari Harkov from Brown Harris Stevens, while the seller was Mike Jones. Representing the seller was Daniel Kanidov from The Corcoran Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$116,826.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,384.09
Annual Debt Service$124,609.05
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