Ari Harkov Of Brown Harris Stevens Represents Buyer In $1.954M Multifamily Sale In Brooklyn
1368 Herkimer Street
$1,954,000
$761/SF
Building Size
2,565 SF
Asset Type
MultiFamily
Closing
Aug 12, 2025
AI
This multifamily asset is located at 1368 Herkimer Street in Brooklyn. The property spans a total of 2,565 square feet and consists of three units, resulting in a price per unit of $651,333 and a price per square foot of $761. The total sale price for this transaction was $1,954,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,954,000
- Units: 3
- Square Feet: 2,565
- Price Per Unit: $651,333
- Price Per Square Foot: $761
- Buyer's Representative: Ari Harkov - Brown Harris Stevens
- Seller's Representatives: Tomer Shmuel & Dani Ohayon - Oxford Property Group
Ari Harkov represented the buyer in this transaction, while Tomer Shmuel and Dani Ohayon represented the seller. The involvement of these representatives highlights the professional mediation behind the deal, facilitating a successful transaction between the parties involved.
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
8.12%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93