Updated Oct 28, 2024
A&R Properties Group Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn
57 Hart Street, Brooklyn, New York 11206, United States
$1,330,000
$391/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Sep 21, 2022
About this deal
AI
Located in the Bedford–Stuyvesant neighborhood, the multifamily property at 57 Hart Street recently changed hands in a closed transaction. The property features three units and spans across 3,400 square feet. The sale price for this transaction was $1,330,000, resulting in a per unit price of $443,333. On a price per square foot basis, the property sold for $391. The transaction took place on September 22, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,330,000
- Address: 57 Hart Street
- Market: Bedford–Stuyvesant
- Buyer: A & R Properties Group - Shlomi Asherian & Joshua Asherian
- Seller: Marquis Family
- Units: 3
- Price per unit: $443,333
- Square footage: 3,400
- Price per square foot: $391
Representing the buyer in this transaction were Shlomi Asherian and Joshua Asherian from A & R Properties Group. For any similar or larger deals, Shlomi Asherian can be contacted via email at [email protected].
Players
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
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93