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460 Harman Street

TerraCRG Brokers $2.2M Multifamily Sale In Bushwick
SOLDMultiFamily

TerraCRG Brokers $2.2M Multifamily Sale In Bushwick

460 Harman Street

$2,243,000

$747/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jul 19, 2022

AI

A multifamily property located at 460 Harman St. in Bushwick, Brooklyn has been sold for a price of $2,243,000. The property spans a total of 3,000 square feet, resulting in a price per square foot of $747. The transaction took place on July 19, 2022.

Summary of transaction details:

The buyer's representative in this deal was Ari Harkov from BHS, while the seller was Andrew Eckstein. The seller's representatives were Matt Cosentino and Isaiah Thomas from TerraCRG.

Players

Isaiah Thomas

Matheos Realty Group

Broker

$76.9M

vol

17 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

7.07%

Cash-on-Cash

-2.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93