DNA Development Purchases 132 6th Avenue Multifamily In Brooklyn For $4.95M
132 6th Avenue
$4,950,000
$959/SF
Building Size
5,157 SF
Asset Type
MultiFamily
Closing
May 19, 2025
AI
This multifamily property located at 132 6th Avenue in Brooklyn has been sold for $4,950,000. The property consists of 7 units, with a total square footage of 5,157. The price per unit was calculated at $707,142, and the price per square foot is $959.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Units: 7
- Square Footage: 5,157
- Price Per Unit: $707,142
- Price Per Square Foot: $959
- Buyer: DNA Development
- Brokers: Adam J Hess & Edward Setton - Sterling Property Group NY
- Sale Date: 5/20/2025
Adam J Hess and Edward Setton represented the buyer, DNA Development, in this transaction, ensuring a successful deal for both parties involved.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93