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

Property Image
SOLD
$1,365,000
Nina Sabag
Gill Cohen

New York

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MultiFamily1,890 SF
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Property Image
SOLD

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

768 Herkimer Street

See Similar Deals
MultiFamily1,890 SF
Sold
Nina Sabag
Gill Cohen
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$722
Total Square Footage:1890 SF
Transaction Type:Sale

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
Nina Sabag
22 deals$40.3M volume(855) 305-3325
BROKER
Gill Cohen
5 Boro Realty
Gill Cohen
1 deal$1.4M volume(516) 477-8107
BROKER

Details

SOLD
IMAGE: Nina Sabag & Gill Cohen DATE: 06/10/2024 ADDRESS: 768 Herkimer Street MARKET: Stuyvesant Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Henry Holmes SELLER: Jean Menges BROKERS: Nina Sabag (@NinaSabag) & Gill Cohen (@GillCohen) - 5 Boro Realty (@5_Boro_Realty) SALE PRICE: $1,365,000 UNITS: 2 ~ PPU: $682,500 SF: 1,890 ~ PPSF: $722

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
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