Updated Dec 21, 2023
Paula Manna Of Compass Brokers $6.18M Multifamily Sale On Skillman Ave. In Williamsburg, Brooklyn
175 Skillman Avenue
$6,175,000
$1,238/SF
Building Size
4,988 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
The multifamily property located at 175 Skillman Ave. in Williamsburg, Brooklyn was recently sold for $6,175,000. The sale was facilitated by Paula Manna of Compass. The property consists of 7 units with an average price per unit of $882,142. It spans across 5,400 square feet, resulting in a price per square foot of $1,143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,175,000
- Address: 175 Skillman Ave.
- Market: Williamsburg, Brooklyn
- Broker: Paula Manna - Compass
- Units: 7
- Price per Unit: $882,142
- Square Footage: 5,400
- Price per Square Foot: $1,143
Paula Manna of Compass played a crucial role as the broker representing the buyer or seller in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of this multifamily property in Williamsburg, Brooklyn.
On the Map
$6,175,000
$1,238/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93