Updated Sep 9, 2024
Ari Harkov Acquires Multifamily Property On New York Avenue In Crown Heights For $3.95M
368 New York Avenue, Brooklyn, New York 11213, United States
$3,950,000
$1,192/SF
Building Size
3,312 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
About this deal
AI
A multifamily property located at 368 New York Avenue in Crown Heights has been sold for $3,950,000. The property consists of 6 units with a price per unit of $658,333. The total square footage of the property is 3,312 with a price per square foot of $1,192.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Units: 6
- Price Per Unit: $658,333
- Square Footage: 3,312
- Price Per Square Foot: $1,192
The buyer's representative in this deal was Ari Harkov from Brown Harris Stevens. The seller's representatives were Tomer Shmuel and Dani Ohayon from Massada Home Sales Inc.
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93