Updated Dec 4, 2024
Ari Harkov's Brown Harris Stevens Represents Buyer In $3.2M Multifamily Sale At 385 Chauncey St, Stuyvesant Heights Brooklyn
385 Chauncey Street
$3,200,000
$586/SF
Building Size
5,460 SF
Asset Type
MultiFamily
Closing
Oct 30, 2023
About this deal
AI
Located in the vibrant neighborhood of Stuyvesant Heights, Brooklyn, the multifamily property at 385 Chauncey Street has been recently sold in a closed transaction. The property offers a total of 6 units, providing ample living space for its future residents. With a spacious total square footage of 5,460, this property offers comfortable and modern living quarters in a highly desirable location.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,200,000
- Units: 6
- Price per Unit: $533,333
- Square Footage: 5,460
- Price per Square Foot: $586
- Market: Stuyvesant Heights, Brooklyn
- Sellers: Teitelbaum Family & Halberstam Family
- Buyer's Representative: Ari Harkov - Brown Harris Stevens
- Sellers' Representatives: Yosef Katz, Shlomo Antebi, Erik Yankelovich - Atlas Realty Group
- Date: 10/30/2023
The transaction was facilitated by the experienced team at Atlas Realty Group, including Yosef Katz, Shlomo Antebi, and Erik Yankelovich, who represented the sellers, the Teitelbaum Family and the Halberstam Family. On the buyer's side, Ari Harkov, from Brown Harris Stevens, worked diligently to represent their interests in the deal. These professionals brought their expertise and negotiation skills to ensure a successful transaction for all parties involved.
Players
Street 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93