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199 North 6th Street, Brook...

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

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

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker

Connor Domershick

Conway Capital

Buyer

$57M

vol

15 deals

Buyer

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