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168 North 6th Street

Updated Dec 4, 2024

N3 Partners Acquires Multifamily Building In Williamsburg, Brooklyn For $3M
SOLDMultiFamily

N3 Partners Acquires Multifamily Building In Williamsburg, Brooklyn For $3M

168 North 6th Street

$3,000,000

$1,428/SF

Building Size

2,100 SF

Asset Type

MultiFamily

Closing

Sep 11, 2023

About this deal

AI

168 North 6th Street in Williamsburg, Brooklyn is a multifamily property that was recently sold. The property consists of a four-unit building and was acquired by N3 Partners, operating under the entity 168 North 6th Street Associates LLC. They purchased the property from Darian Salazar's Haloa LLC for $3 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 168 North 6th Street
  • Market: Williamsburg, Brooklyn
  • Square Footage: 2,100
  • Price Per Square Foot: $1,429
  • Buyer: Daniel Gefen & Idan Ariev - N3 Partners
  • Seller: Darian Salazar

The buyers, Daniel Gefen and Idan Ariev, represented N3 Partners in this transaction. They acquired the property through their entity, 168 North 6th Street Associates LLC. On the other side of the deal, Darian Salazar represented the seller, Haloa LLC.

Players

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $3M for 2,100 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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