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385 Chauncey Street

Updated Dec 4, 2024

Ari Harkov's Brown Harris Stevens Represents Buyer In $3.2M Multifamily Sale At 385 Chauncey St, Stuyvesant Heights Brooklyn
SOLDMultiFamily

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:

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

135 deals

Broker

Teitelbaum Family

Seller

$7.5M

vol

2 deals

Seller

Street MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $586 per square foot on a published $3.2M for 5,460 square feet (2023).

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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

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