Avrohom Eisner Purchases 81 Hart Street Multifamily In Brooklyn For $1.8M Through Brokers Afik Even & Sarig Brand
81 Hart Street
$1,800,000
$809/SF
Building Size
2,223 SF
Asset Type
MultiFamily
Closing
Sep 26, 2024
AI
This multifamily property located at 81 Hart Street in Brooklyn was sold for $1,800,000. The asset encompasses 2 units across 2,223 square feet, resulting in a price per unit of $900,000 and a price per square foot of $809.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 2
- Square Footage: 2,223
- Price Per Unit: $900,000
- Price Per Square Foot: $809
- Buyer: Avrohom Eisner
- Seller: Sunrise Equities
- Broker Representatives: Afik Even & Sarig Brand
- Date of Sale: September 26, 2024
- Market: Brooklyn
Afik Even and Sarig Brand represented the interests of the seller, Sunrise Equities, which is pursuing a 1031 exchange and is actively looking to acquire value add multifamily, mixed use, and vacant buildings throughout NYC. They noted the urgency of the transaction, successfully delivering the property vacant just in time for closing.
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93