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

Property Image
SOLD
$2,900,000
Matthew (Matt) Cosentino
+ 4

New York

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MultiFamily4,830 SF
Sold 04/28/2023
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Property Image
SOLD

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

767 Hart Street

See Similar Deals
MultiFamily4,830 SF
Sold 04/28/2023
Matthew (Matt) Cosentino
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$600
Total Square Footage:4,830 SF
Transaction Type:Sale

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 (Matt) Cosentino
81 deals$319M volume
BROKER

Remi Norris
Terra CRG
45 deals$138.4M volume(646) 427-2290
BROKER

Michael Kalt
4 deals$14.1M volume
BUYER

Alex Lebowitz
11 deals$42.9M volume
BUYER


9 deals$74.9M volume
SELLER

36 deals$116.7M volume
SELLER

Details

SOLD
IMAGE: Remi Norris, Matthew Cosentino & Alex Lebowitz DATE: 04/28/2023 ADDRESS: 767 Hart Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Partners Path - Michael Kalt, Alex Lebowitz & Billy Haddad SELLER: Eden Ashourzadeh (@EdenAshourzadeh) & Alex Kahen (@AlexKahen) BROKERS: Matthew Cosentino & Remi Norris (@RemiCRE) - Terra CRG (@TerraCRG) SALE PRICE: $2,900,000 UNITS: 6 ~ PPU: $483,333 SF: 4,875 ~ PPSF: $595

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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