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368 New York Avenue, Brookl...

Ari Harkov Acquires Multifamily Property On New York Avenue In Crown Heights For $3.95M
SOLDMultiFamily

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

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

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker
Massada Home Sales
Massada Home SalesBrokerage

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