Updated Dec 21, 2023
Ari Harkov Acquires Multifamily Property In Bushwick For $2.7M
81 Eldert Street, Brooklyn, New York 11207, United States
$2,700,000
$792/SF
Building Size
3,408 SF
Asset Type
MultiFamily
Closing
May 8, 2022
About this deal
AI
A multifamily property located at 81 Eldert St in Bushwick has been sold for a price of $2,700,000. The property consists of 3 units, with each unit having a price per unit (PPU) of $900,000. The total square footage of the property is 3,408, with a price per square foot (PPSF) of $792.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 3
- PPU: $900,000
- Square Footage: 3,408
- PPSF: $792
- Address: 81 Eldert St
- Market: Bushwick
Ari Harkov of The Harkov Lewis Team from Brown Harris Stevens represented the buyer in this transaction.
New York 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93