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132 6th Avenue

DNA Development Purchases 132 6th Avenue Multifamily In Brooklyn For $4.95M
SOLDMultiFamily

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

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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