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57 Hart Street, Brooklyn, N...

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

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

Loading comparables…

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