Updated Mar 27, 2025
Ari Harkov Of Brown Harris Stevens Acquires New York City MultiFamily For $3.6M
704 Macdonough Street
$3,605,000
$686/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Feb 14, 2023
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 704 Macdonough Street in the New York City market. The transaction was completed for a total of $3,605,000.00. The building comprises 7 units, offering a total square footage of 5,250.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $3,605,000.00
- Address: 704 Macdonough Street
- Market: New York City
- Units: 7
- Square Footage: 5,250.0
Ari Harkov from Brown Harris Stevens represented the buyer in this transaction, while Fred Bijou from Bijou Equities represented the seller. The transaction took place on 02/14/2023.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Fred Bijou to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.40%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93