Hector Hilerio Sells Brooklyn Multifamily Property For $1.6M With Brokers Gabriel Kates & Sean Mashihi
184 Butler Street
$1,600,000
$666/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Jun 24, 2026
AI
The property asset involved in this transaction is a multifamily building located at 184 Butler Street in Brooklyn, featuring three residential units. The sale was finalized at a price of $1,600,000, which translates to a per unit price of $533,333 and a price per square foot of $666, with the total square footage being 2,400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 3
- PPU: $533,333
- SF: 2,400
- PPSF: $666
- Seller: Hector Hilerio
- Broker Representatives: Gabriel Kates & Sean Mashihi - Block Real Estate Group
- Transaction Date: 6/25/2026
The transaction was facilitated by brokers Gabriel Kates and Sean Mashihi, representing the seller, Hector Hilerio, in the deal. Their expertise as part of Block Real Estate Group contributed to the successful closing of this multifamily asset transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93