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64 Macon Street, Brooklyn, ...

Greenbrook Partners Acquires Multifamily Property In Bedford-Stuyvesant For $4.6M
SOLDMultiFamily

Greenbrook Partners Acquires Multifamily Property In Bedford-Stuyvesant For $4.6M

64 Macon Street, Brooklyn, NY 11216, USA

$4,600,000

$766/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Jun 9, 2020

AI

64 Macon Street, located in the historic district of Bedford-Stuyvesant, Brooklyn, has been sold in a successful transaction. The property is a completely free market and gut renovated multifamily building, offering six spacious units with custom finishes. The building features a unique side-yard that provides on-site parking and a standalone garage for private storage. With large unit layouts and bay windows, each unit feels spacious and mature. The transaction was negotiated by DJ Johnston of B6 Real Estate Advisors and Ari Harkov of Brown Harris Stevens.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,600,000
  • Address: 64 Macon Street
  • Market: Bedford-Stuyvesant, Brooklyn
  • Buyer: Greenbrook Partners
  • Seller: Yehuda Cohen
  • Buyer's Representative: Ari Harkov - Harkov Lewis Team
  • Seller's Representative: DJ Johnston - B6 Real Estate Advisors
  • Asking Price: $4,900,000
  • Units: 6
  • Price per Unit: $766,500
  • Square Footage: 6,000
  • Price per Square Foot: $775
  • CAP Rate: 5%

DJ Johnston's investment sales experience and local market relationships, combined with Ari Harkov's value-driven approach and diligent presentation of opportunities, contributed to the smooth transaction. Both brokers are open to cooperating with each other, facilitating successful transactions in the market. For similar opportunities or further insights on this sale, interested parties can contact DJ Johnston at 914-584-7422 or Ari Harkov at 917-275-7057.

Players

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage
Greenbrook Partners
Greenbrook PartnersBuyer

Yehuda Cohen

Seller

$43.6M

vol

11 deals

Seller

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

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93