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57 Hart Street, Brooklyn, N...

Updated Oct 28, 2024

Bilt advertisement
A&R Properties Group Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn
SOLDMultiFamily

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

AG
A & R Properties GroupBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $391 per square foot on a published $1.3M for 3,400 square feet (2022).

Browse New York multifamily sales on Traded.

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

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