Updated Dec 20, 2023
Donato D'Agosto Sells Multifamily Property In East Williamsburg For $1.65M With Brokers Shaun Riney & Mike Salvatico - Marcus & Millichap
147 Conselyea Street, Brooklyn, NY 11211
$1,650,000
$275/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Jan 7, 2022
About this deal
AI
Located in East Williamsburg, Brooklyn, the multifamily property at 147 Conselyea Street was recently sold. The sale was facilitated by Marcus & Millichap brokers Shaun Riney and Mike Salvatico. With a sale price of $1,650,000, the property consists of 8 units, resulting in a per unit price of $206,250. Spanning across 6,000 square feet, the property has a price per square foot of $275.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 147 Conselyea Street, East Williamsburg, Brooklyn
- Market: East Williamsburg, Brooklyn
- Brokers: Shaun Riney & Mike Salvatico - Marcus & Millichap
- Units: 8
- Price per Unit: $206,250
- Total Square Footage: 6,000
- Price per Square Foot: $275
Donato D'Agosto was the seller of the property, while Shaun Riney and Mike Salvatico of Marcus & Millichap represented the seller in the transaction.
Players
New York 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93