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
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