Conway Capital Acquires Multifamily Property In Williamsburg, Brooklyn For $3.1M
199 North 6th Street, Brooklyn, New York 11211, United States
$3,100,000
$880/SF
Building Size
3,520 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
AI
The multifamily property located at 199 N 6th Street in Williamsburg, Brooklyn has been sold for a price of $3,100,000. The transaction took place on October 20, 2022. The property consists of 4 units with a total area of 3,520 square feet. The price per unit is $775,000 and the price per square foot is $881.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 199 N 6th Street
- Market: Williamsburg, Brooklyn
Conway Capital, represented by Connor Domershick and Max Maleh, acted as the buyer in this transaction. Dianne Ciorciari is the seller of the property. The sale was facilitated by Michael Sherman from Baseline Real Estate Advisors and John Ricco from Keller Williams.
Players
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93