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
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