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750 MacDonough Street

The Multi Family property located in New York that spans 5,500 square feet sold for $4,175,000 or $759 PPSF. The deal closed 9 months and 8 days ago. The brokers of the deal were Ari Harkov and DJ Johnston

  • Location image 750 Macdonough Street, Brooklyn, New York 11233, United States
  • Sold Value
    image $4,175,000
    image $759
  • Asset Type image Multi Family
  • Area image 5,500 SF
  • Parties image2 Brokers,2 Agencies
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Ari Harkov

Brown Harris Stevens
  • Deals 43
  • Volume $280,130,000
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DJ Johnston icon

B6 Real Estate Advisors
  • Deals 57
  • Volume $377,740,000
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Comparables: 750 MacDonough Street

Showing 4 of 270

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Price Icon $4,750,000

  • StatusSOLD, $339 PPSF
  • Date09/16/22
  • Address39-33 57th Street, Queens, New York 11377, United States
  • Address39-33 57th...
  • AssetMULTI FAMILY
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Price Icon $4,425,000

  • StatusSOLD, $738 PPSF
  • Date09/01/22
  • Address327 Henry Street, Brooklyn, New York 11201, United States
  • Address327 Henry...
  • AssetMULTI FAMILY
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Price Icon $3,785,000

  • StatusSOLD, $421 PPSF
  • Date09/23/22
  • Address321 Malcolm X Boulevard, Brooklyn, New York 11233, United States
  • Address321 Malcolm...
  • AssetMULTI FAMILY
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Price Icon $3,950,000

  • StatusSOLD, $145 PPSF
  • Date09/09/22
  • Address604 Warburton Avenue, Yonkers, New York 10701, United States
  • Address604 Warburton...
  • AssetMULTI FAMILY
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This Deal on Social

SALE
IMAGE: DJ Johnston & Ari Harkov
DATE: 01/01/2022
ADDRESS: 750 MacDonough Street
MARKET: Ocean Hill
ASSET TYPE: Multifamily

SELLER: Yehuda Cohen
BUYER’S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) – BHS
SELLER’S REP: DJ Johnston (@B6RealEstate_JohnstonTeam) – B6 Real Estate

SALE PRICE: $4,175,000
UNITS: 6 ~ PPU: $695,833
SF: 5,500 ~ PPSF: $759

NOTE FROM @B6RealEstate.com: The Johnston Team of B6 Real Estate Advisors has successfully closed 750 MacDonough Street, a Free Market 6-family in Ocean Hill, Brooklyn. The building underwent a complete gut renovation, offering a well-designed & high-quality rental product, made up of mostly 2-3 bedroom layouts with ground floor & top floor duplexes. The buyer was represented by The Harkov Team of BHS.

The sales price was $4,175,000 representing a price per SF of $760 (above grade) & a price per unit of $700,000. The cash flow coming out of Covid suggests a 4.5% Cap Rate with room to improve as leases turn over. Our proforma reflects a 5% Cap Rate against market rents today.

Our team has sold nearly 300 properties in the Bed-Stuy, Bushwick, & Crown Heights neighborhoods, & we help 100’s of owners ever year plan for the future in the way of free property valuations & research reports.

If you own a property in this submarket, please don’t hesitate to leverage our experience & research so you can approach 2022 with confidence.
DJ Johnston – 914-584-7422
djohnston@b6realestate.com

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SALE
IMAGE: DJ Johnston & Ari Harkov
DATE: 01/01/2022
ADDRESS: 750 MacDonough Street
MARKET: Ocean Hill
ASSET TYPE: Multifamily

SELLER: Yehuda Cohen
BUYER’S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) – BHS
SELLER’S REP: DJ Johnston (@B6RealEstate_JohnstonTeam) – B6 Real Estate

SALE PRICE: $4,175,000
UNITS: 6 ~ PPU: $695,833
SF: 5,500 ~ PPSF: $759

NOTE FROM @B6RealEstate.com: The Johnston Team of B6 Real Estate Advisors has successfully closed 750 MacDonough Street, a Free Market 6-family in Ocean Hill, Brooklyn. The building underwent a complete gut renovation, offering a well-designed & high-quality rental product, made up of mostly 2-3 bedroom layouts with ground floor & top floor duplexes. The buyer was represented by The Harkov Team of BHS.

The sales price was $4,175,000 representing a price per SF of $760 (above grade) & a price per unit of $700,000. The cash flow coming out of Covid suggests a 4.5% Cap Rate with room to improve as leases turn over. Our proforma reflects a 5% Cap Rate against market rents today.

Our team has sold nearly 300 properties in the Bed-Stuy, Bushwick, & Crown Heights neighborhoods, & we help 100’s of owners ever year plan for the future in the way of free property valuations & research reports.

If you own a property in this submarket, please don’t hesitate to leverage our experience & research so you can approach 2022 with confidence.
DJ Johnston – 914-584-7422
djohnston@b6realestate.com

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Contact Ari Harkov

Principal in The Harkov Lewis Team, consistently ranked as one of top 250 teams in the nation per the WSJ,...

Mr. Johnston is a Partner, Senior Managing Directors at B6 Real Estate Advisors, where he oversees investment sales in Brooklyn’s...

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