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

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SOLD
$2,110,000
Erik Cooper
Ben Carlos Thypin
Ari Harkov

New York

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MultiFamily2,700 SF
Sold 10/28/2021
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Property Image
SOLD

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

64 Howard Avenue, Ocean Hill, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily2,700 SF
Sold 10/28/2021
Erik Cooper
Ben Carlos Thypin
Ari Harkov
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$781
Total Square Footage:2,700 SF
Transaction Type:Sale

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.

Players

Ben Carlos Thypin
Quantierra
Ben Carlos Thypin
12 deals$199.2M volume
BROKER
Ari Harkov
Brown Harris Stevens
Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER
Erik Cooper
Quantierra
Erik Cooper
2 deals$4.1M volume
BROKER
Kings Capital
Kings Capital
SELLER

Details

SOLD
IMAGE: George Giannopoulos, Richard Wheeler & Jeffrey Znaty DATE: 10/28/2021 ADDRESS: 64 Howard Avenue MARKET: Bedford-Stuyvesant ASSET TYPE: Multifamily ~ ZONING: R6B SELLER: Kings Capital (@KingsCapitalRE) BUYER’S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) - Brown Harris Stevens SELLER’S REP: Erik Cooper & Ben Carlos Thypin (@BThypin) - @Quantierra_ SALE PRICE: $2,110,000 SF: 2,700 ~ PPSF: $781 UNITS: 3 ~ PPU: $703,333 NOTE FROM @KingsCapitalRE: Kings Capital acquired the property in 2017 for $850,000. After successfully repositioning the property, an opportunity to exit to a qualified buyer presented itself in an off-market transaction. We are currently in contract on 5 properties and remain very active in seeking value-add opportunities throughout the boroughs, & garden-style apartments nationally. Please submit any opportunities to [email protected] Special thank you to the Law Offices of Joseph Cohen for their great work during this transaction @JosephCohenESQ

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