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768 Herkimer Street

Henry Holmes Acquires Multifamily Property In Stuyvesant Heights, Brooklyn For $1.365M
SOLDMultiFamily

Henry Holmes Acquires Multifamily Property In Stuyvesant Heights, Brooklyn For $1.365M

768 Herkimer Street

$1,365,000

$722/SF

Building Size

1,890 SF

Asset Type

MultiFamily

Closing

Jun 10, 2024

AI

The Multifamily property located at 768 Herkimer Street in Stuyvesant Heights, Brooklyn, was sold for $1,365,000. The property comprises 2 units with a total square footage of 1,890, resulting in a price per unit of $682,500 and a price per square foot of $722.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,365,000
  • Units: 2
  • Square Footage: 1,890
  • Price Per Unit: $682,500
  • Price Per Square Foot: $722
  • Address: 768 Herkimer Street, Stuyvesant Heights, Brooklyn
  • Market: Stuyvesant Heights, Brooklyn
  • Buyer: Henry Holmes
  • Seller: Jean Menges
  • Brokers: Nina Sabag & Gill Cohen - 5 Boro Realty

The transaction was facilitated by Nina Sabag and Gill Cohen, representing 5 Boro Realty in the sale of the multifamily property. Henry Holmes acquired the property from Jean Menges in the vibrant market of Stuyvesant Heights, Brooklyn.

Players

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker

Brooklyn 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

11.62%

Cash-on-Cash

-3.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93