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Avrohom Eisner Purchases 81 Hart Street Multifamily In Brooklyn For $1.8M Through Brokers Afik Even & Sarig Brand

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SOLD
$1,800,000

New York

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MultiFamily2,223 SF
Sold 09/26/2024
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Property Image
SOLD

Avrohom Eisner Purchases 81 Hart Street Multifamily In Brooklyn For $1.8M Through Brokers Afik Even & Sarig Brand

81 Hart Street

See Similar Deals
MultiFamily2,223 SF
Sold 09/26/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$809
Total Square Footage:2,223 SF
Transaction Type:Sale

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.

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Afik Even
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Details

SOLD
IMAGE: Afik Even, Neer Sachar & Sarig Brand DATE: 09/26/2024 ADDRESS: 81 Hart Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Avrohom Eisner SELLER: Sunrise Equities BROKERS: Afik Even (@AEBrownstones) & Sarig Brand (@BrandRealtyNYC) SALE PRICE: $1,800,000 UNITS: 2 ~ PPU: $900,000 SF: 2,223 ~ PPSF: $809 NOTE FROM BROKER: With a TOE deadline of September 26, the pressure was on. After three months of helping tenants find new homes, we delivered the property vacant just in time for the closing. Congratulations to both the seller and the buyer on this successful deal! NOTE FROM SELLER: Sunrise Equities is in 1031 exchange actively seeking to acquire value add multifamily, mixed use, and vacant buildings throughout NYC. Brokers, please reach out with opportunities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
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