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81 Hart Street

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

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

Sarig Brand

Broker

$51M

vol

19 deals

Broker

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