Updated Oct 29, 2024
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
About this deal
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.
On the Map
$2,900,000
$600/SF
MultiFamily
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Players
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