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184 Butler Street

Updated Jul 8, 2026

Hector Hilerio Sells Brooklyn Multifamily Property For $1.6M With Brokers Gabriel Kates & Sean Mashihi
SOLDMultiFamily

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

About this deal

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:

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.

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$1,600,000

$666/SF

MultiFamily

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Players

Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$174.3M

vol

65 deals

Broker
Block Real Estate Group
Block Real Estate GroupSeller
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Brooklyn MultiFamily Market Snapshot

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Deal FAQ

About $666 per square foot on a published $1.6M for 2,400 square feet (2026).

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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

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