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38 Herkimer Street, Brookly...

Sully Klein & Richard Burke Of Real Street Sell 3-Unit Multifamily In Bedford-Stuyvesant
SOLDMultiFamily

Sully Klein & Richard Burke Of Real Street Sell 3-Unit Multifamily In Bedford-Stuyvesant

38 Herkimer Street, Brooklyn, New York 11216, United States

$2,100,000

$656/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Jan 27, 2022

AI

The multifamily property located at 38 Herkimer St. in Bedford-Stuyvesant was sold for $2,100,000 on 01/28/2022. The property consists of 3 units with a total square footage of 3,200 and a price per unit of $700,000, resulting in a price per square foot of $656.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 3
  • Price Per Unit: $700,000
  • Square Footage: 3,200
  • Address: 38 Herkimer St.
  • Market: Bedford-Stuyvesant

The sale of the property was facilitated by Sully Klein & Richard Burke of Real Street, representing the seller, John Whyte.

Players

Sully Klein

Broker

$28.7M

vol

14 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93