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767 Hart Street

Partners Path Acquires 6-Unit Multifamily In Brooklyn For $2.9M
SOLDMultiFamily

Partners Path Acquires 6-Unit Multifamily In Brooklyn For $2.9M

767 Hart Street

$2,900,000

$600/SF

Building Size

4,830 SF

Asset Type

MultiFamily

Closing

Apr 28, 2023

AI

A multifamily property located at 767 Hart Street in Brooklyn has been sold for $2,900,000. The property consists of 6 units with a total square footage of 4,875. The price per unit stands at $483,333 and the price per square foot is $595.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 6
  • Price per Unit: $483,333
  • Square Footage: 4,875
  • Price per Square Foot: $595

Partners Path, represented by Michael Kalt, Alex Lebowitz, and Billy Haddad, acquired the property. The sellers were Eden Ashourzadeh and Alex Kahen. The deal was facilitated by brokers Matthew Cosentino and Remi Norris of Terra CRG.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Michael Kalt

Michael Kalt

Partners Path

Buyer

$14.1M

vol

4 deals

Buyer

Alex Kahen

Seller

$74.9M

vol

9 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93