Ari Harkov Of Brown Harris Stevens Acquires Multifamily In South Slope For $1.95M As Buyer's Rep
SOLD
New York
See Similar DealsMultiFamily3,420 SF
Sold 02/16/2024
SOLD
Ari Harkov Of Brown Harris Stevens Acquires Multifamily In South Slope For $1.95M As Buyer's Rep
343 22nd Street
See Similar DealsMultiFamily3,420 SF
Sold 02/16/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$570
Total Square Footage:3,420 SF
Transaction Type:Sale
The multifamily property located at 343 22nd Street in South Slope, Brooklyn, was sold for $1,950,000. The property comprises 3 units with a total area of 3,420 square feet, resulting in a price per unit of $650,000 and a price per square foot of $570.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 3
- Square Footage: 3,420
- Price Per Unit: $650,000
- Price Per Square Foot: $570
- Address: 343 22nd Street
- Market: South Slope, Brooklyn
- Seller's Rep: Adam J. Hess & Edward Setton - Meridian Capital Group
- Buyer's Rep: Ari Harkov - Brown Harris Stevens
The sale of the multifamily property was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group representing the seller, while Ari Harkov from Brown Harris Stevens represented the buyer in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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