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455 Lexington Ave Brooklyn,...

Ari Harkov Acquires MultiFamily Property On 455 Lexington Avenue In Bedford Stuyvesant For $3.7M
SOLDMultiFamily

Ari Harkov Acquires MultiFamily Property On 455 Lexington Avenue In Bedford Stuyvesant For $3.7M

455 Lexington Ave Brooklyn, NY 11221, USA

$3,715,000

$910/SF

Building Size

4,080 SF

Asset Type

MultiFamily

Closing

Aug 2, 2023

AI

A multi-family property located at 455 Lexington Avenue in Bedford Stuyvesant has been sold for a price of $3,715,000. The property consists of 5 units, with a per unit price of $743,000. The total square footage of the property is 4,080, resulting in a price per square foot of $911. The sale was facilitated by Ari Harkov of Brown Harris Stevens as the buyer's representative, and Tomer Shmuel and Dani Ohayon of Oxford Property Group as the seller's representatives.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $3,715,000
  • Units: 5
  • Price per Unit: $743,000
  • Square Footage: 4,080
  • Price per Square Foot: $911
  • Address: 455 Lexington Avenue, Bedford Stuyvesant
  • Buyer's Representative: Ari Harkov - Brown Harris Stevens
  • Seller's Representatives: Tomer Shmuel & Dani Ohayon - Oxford Property Group

Ari Harkov of Brown Harris Stevens served as the buyer's representative in this transaction, bringing their expertise in negotiating the deal. On the other side, Tomer Shmuel and Dani Ohayon of Oxford Property Group represented the seller, ensuring a smooth transaction process. This sale showcases the dynamic real estate market in Bedford Stuyvesant, highlighting the demand for multi-family properties in the area.

Players

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker

Brooklyn 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

4.27%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93