Updated Dec 4, 2024
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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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