Kings Capital Sells Multifamily Property In Bedford-Stuyvesant For $2.1M

The multifamily property located at 64 Howard Avenue in the Bedford-Stuyvesant market was sold for $2,110,000. The property consists of 2,700 square feet and includes 3 residential units. The price per square foot is $781, with a price per unit of $703,333. The zoning classification for this asset is R6B.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,110,000
• Address: 64 Howard Avenue
• Market: Bedford-Stuyvesant
• Square Footage: 2,700 SF
• Price per Square Foot: $781
• Units: 3
• Price per Unit: $703,333
• Seller: Kings Capital
• Buyer’s Representative: Ari Harkov - Brown Harris Stevens
• Seller’s Representatives: Erik Cooper & Ben Carlos Thypin - uantierra_

Kings Capital acquired the property in 2017 for $850,000. Following a successful repositioning of the property, they facilitated an off-market sale to a qualified buyer. Kings Capital is currently in contract on five additional properties and is actively pursuing value-add opportunities throughout the boroughs, as well as garden-style apartments on a national scale. Special acknowledgment is given to the Law Offices of Joseph Cohen for their contributions during this transaction.