Updated Oct 29, 2024
HP Estates NY LLC Acquires Multifamily Property In Crown Heights, Brooklyn For $1.175M
373 Howard Ave, Brooklyn, NY 11233, USA
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Mar 13, 2018
About this deal
AI
The multifamily property located at 373 Howard Avenue in Crown Heights, Brooklyn has been sold for a price of $1,175,000. The property consists of 4 residential units and 2 retail spaces. With a price per square foot of $220, this property offers a great investment opportunity in the thriving Crown Heights market of New York.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Price per Square Foot: $220
- Units: 4 Residential, 2 Retail
The seller of this property was Gloria Primus, while the buyer was HP Estates NY LLC, represented by David Halperin. The transaction was facilitated by Alexander McGee of Ariel Property Advisors, who acted as the broker in this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93