Ari Harkov Of Brown Harris Stevens Acquires Multifamily In South Slope For $1.95M As Buyer's Rep
343 22nd Street
$1,950,000
$570/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Feb 16, 2024
AI
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.
Players
Brooklyn 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93