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Ari Harkov & Deborah Rieders Broker Multifamily Sale In Brooklyn Heights For $6.9M

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SOLD
$6,900,000

New York

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MultiFamily4,500 SF
Sold 05/16/2022
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Property Image
SOLD

Ari Harkov & Deborah Rieders Broker Multifamily Sale In Brooklyn Heights For $6.9M

36 Grace Court, Brooklyn, New York 11201, United States

See Similar Deals
MultiFamily4,500 SF
Sold 05/16/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,533
Total Square Footage:4,500 SF
Transaction Type:Sale

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

Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER

Deborah L Rieders
The Corcoran Group
5 deals$22.4M volume
BROKER

Details

SOLD
IMAGE: Ari Harkov & Deborah Rieders DATE: 05/16/2022 ADDRESS: 36 Grace Ct. MARKET: Brooklyn Heights ASSET TYPE: Multifamily BUYER'S REP: Ari Harkov (@AriHarkov) (The Harkov Lewis Team) (@HarkovLewisTeam) - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Deborah Rieders (@Deborah.Rieders.Bklyn) - Corcoran (@TheCorcoranGroup) SALE PRICE: $6,900,000 UNITS: 2 ~ PPU: $3,450,000 SF: 4,500 ~ PPSF: $1,533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
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