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1368 Herkimer Street

Ari Harkov Of Brown Harris Stevens Represents Buyer In $1.954M Multifamily Sale In Brooklyn
SOLDMultiFamily

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

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 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

8.12%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93