Updated Mar 27, 2025
Ari Harkov Acquires Greenpoint Multifamily On Morgan Ave For $9.5M
569 Morgan Avenue, Brooklyn, New York 11222, United States
$9,457,263
$3,253/SF
Building Size
2,907 SF
Asset Type
MultiFamily
Closing
Apr 19, 2022
About this deal
AI
The multifamily asset located at 569 Morgan Avenue, Brooklyn, New York 11222, in the Greenpoint market was sold for a total price of $9,457,263.00. The property comprises a total area of 2,907 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,457,263.00
- Address: 569 Morgan Avenue, Brooklyn, New York 11222, United States
- Market: Greenpoint, Brooklyn
- Square Footage: 2,907.0
- Broker Representatives: Ari Harkov - Brown Harris Stevens, Fred Bijou - Bijou Equities
The transaction involved the representation of the buyers and sellers by Ari Harkov from Brown Harris Stevens and Fred Bijou from Bijou Equities. The successful completion of this sale reflects the contributions of both broker representatives in facilitating the deal.
On the Map
$9,457,263
$3,253/SF
MultiFamily
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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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93