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Michael Strauss Acquires Multifamily Property In Brooklyn Heights For $7.45M

Property Image
SOLD
$7,450,000

New York

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MultiFamily5,208 SF
Sold 07/08/2021
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Property Image
SOLD

Michael Strauss Acquires Multifamily Property In Brooklyn Heights For $7.45M

297 Henry Street, Brooklyn Heights, Brooklyn, NY, USA

See Similar Deals
MultiFamily5,208 SF
Sold 07/08/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,430
Total Square Footage:5,208 SF
Transaction Type:Sale

A multifamily property located at 297 Henry Street in Brooklyn Heights, Brooklyn has recently been sold for $7,450,000. The property spans a total of 5,208 square feet, resulting in a price per square foot of $1,430. Situated on a lot with dimensions of 25 feet by 92.5 feet, this property offers a valuable investment opportunity in the Brooklyn market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,450,000
  • Address: 297 Henry Street, Brooklyn Heights, Brooklyn
  • Square Footage: 5,208
  • Price per Square Foot: $1,430
  • Lot Dimensions: 25 ft x 92.5 ft
  • Market: Brooklyn Heights, Brooklyn
  • Zoning: R6

The buyer of this property is Michael Strauss. Represented by their broker, Blair Brewster, the seller of this transaction, this deal was successfully closed on the 7th of August, 2021. This transaction marks a significant milestone in the real estate market of Brooklyn Heights, further showcasing the continued growth and potential of the area.

Players

5 deals$46.2M volume(917) 653-7887
BROKER

Michael Strauss
5 deals$46.2M volume
BUYER

Details

SOLD
IMAGE: 07/08/2021 ADDRESS: 297 Henry Street MARKET: Brooklyn Heights,Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6 BUYER: Michael Strauss SELLER: Blair Brewster PRICE: $7,450,000 SF: 5,208 ~ PPSF: $1,430 LOT DIMENSIONS: 25 ft x 92.5 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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