Kings Capital Sells Multifamily Property In Bedford-Stuyvesant For $2.1M | 64 Howard Avenue | Erik Cooper, Ari Harkov | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

2,700 sqft

Located at 64 Howard Avenue in Bedford-Stuyvesant, this multifamily property was recently sold in an off-market transaction. The property offers a total of 2,700 square feet and consists of three units. The transaction took place on October 28, 2021, with a sale price of $2,110,000. The price per square foot was $781, and the price per unit stood at $703,333. The asset is zoned as R6B.

Summary of transaction details:

Property Type: Multifamily
Sale Price: $2,110,000
Square Footage: 2,700
Price per Square Foot: $781
Number of Units: 3
Price per Unit: $703,333

The seller, Kings Capital, successfully repositioned the property after acquiring it in 2017 for $850,000. They seized the opportunity to sell to a qualified buyer in this off-market transaction. Ari Harkov from Brown Harris Stevens represented the buyer, while Erik Cooper from uantierra_ represented the seller. Kings Capital continues to actively seek value-add opportunities in the boroughs and garden-style apartments across the country. Please submit any opportunities to [email protected].

A special thank you goes to the Law Offices of Joseph Cohen for their exceptional work during this transaction.

Players

All
4

Agents
2
Agencies
2

Erik Cooper

Brokerage

$4.1M Sold

Ari Harkov

Licensed Associate Real Estate Broker

$413M Sold

Quantierra

Brown Harris Stevens

Details

Deal Summary

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 - @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

View on map

Address64 Howard Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want