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175 Skillman Avenue

Paula Manna Of Compass Brokers $6.18M Multifamily Sale On Skillman Ave. In Williamsburg, Brooklyn
SOLDMultiFamily

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

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.

Players

Paula Manna

Compass

Broker

$13.3M

vol

3 deals

Broker

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

2.57%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93