Ari Harkov & Deborah Rieders Broker Multifamily Sale In Brooklyn Heights For $6.9M
36 Grace Court, Brooklyn, New York 11201, United States
$6,900,000
$1,533/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
Located in Brooklyn Heights, the multifamily property at 36 Grace Ct was recently sold for $6,900,000. The sale, which took place on May 16, 2022, was brokered by Deborah Rieders of Corcoran and Ari Harkov of Brown Harris Stevens, representing the seller and buyer respectively. This two-unit property spans 4,500 square feet and has a price per square foot of $1,533.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 2
- Price Per Unit: $3,450,000
- Square Footage: 4,500
- Address: 36 Grace Ct
- Market: Brooklyn Heights
Ari Harkov of The Harkov Lewis Team represented the buyer, and Deborah Rieders acted as the seller's representative in this transaction. The property's prime location in the desirable neighborhood of Brooklyn Heights contributes to its allure and market value. This sale exemplifies the strong real estate market in the area, providing investors with a valuable opportunity.
Players
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93