facebook
Traded Co logo
Submit

Conway Capital Acquires Multifamily Property In Williamsburg, Brooklyn For $3.1M

Property Image
SOLD
$3,100,000
Michael Sherman
+ 1

New York

See Similar Deals
MultiFamily3,520 SF
Sold 10/20/2022
the dealplayerscompscontact
Property Image
SOLD

Conway Capital Acquires Multifamily Property In Williamsburg, Brooklyn For $3.1M

199 North 6th Street, Brooklyn, New York 11211, United States

See Similar Deals
MultiFamily3,520 SF
Sold 10/20/2022
Michael Sherman
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$880
Total Square Footage:3,520 SF
Transaction Type:Sale

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

Michael Sherman
45 deals$785.1M volume(631) 235-9741
BROKER

John Ricco
Exodus Capital
3 deals$8.3M volume
BROKER


Max Maleh
Conway Capital
15 deals$57M volume
BUYER

Details

SOLD
IMAGE: Michael Sherman, Connor Domershick, Max Maleh & John Ricco DATE: 10/20/2022 ADDRESS: 199 N 6th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BUYER: Conway Capital - Connor Domershick (@connordomer) & Max Maleh (@MaxMaleh) SELLER: Dianne Ciorciari BROKERS: Michael Sherman (@MichaelSherman87) - Baseline Real Estate Advisors (@Baseline_Readvisors) & John Ricco (@JohnRicco13) - Keller Williams (@KWCore_) (@KellerWilliamsRealty) SALE PRICE: $3,100,000 UNITS: 4 ~ PPU: $775,000 SF: 3,520 ~ PPSF: $881

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98