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Marcus & Millichap Sells 8 Unit Multifamily Property At 222 North 6th Street For $2.5M

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SOLD
$2,500,000

New York

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MultiFamily6,388 SF
Sold 04/04/2025
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Property Image
SOLD

Marcus & Millichap Sells 8 Unit Multifamily Property At 222 North 6th Street For $2.5M

222 North 6th Street

See Similar Deals
MultiFamily6,388 SF
Sold 04/04/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:6,388 SF
Transaction Type:Sale

The property located at 222 North 6th Street in Williamsburg, Brooklyn, is a multifamily asset comprising 8 units. The sale was finalized for a transaction amount of $2,500,000, translating to a price per unit of $312,500. The total square footage of the property is 6,388, which results in a price per square foot of $391.

Summary of transaction details:

Shaun Riney, Michael Salvatico, and Daniel Greenblatt represented the sellers in this transaction, facilitating the closing process within the multifamily market of Williamsburg.

Players

Michael (Mike) Salvatico
173 deals$787M volume(718) 475-4358
BROKER

Daniel Greenblatt
Marcus & Millichap
69 deals$263.4M volume
BROKER

Shaun Riney
Marcus & Millichap
356 deals$1.8B volume(718) 475-4369
BROKER

Details

SOLD
IMAGE: Daniel Greenblatt, Shaun Riney & Michael Salvatico DATE: 04/04/2025 ADDRESS: 222 North 6th Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Daniel Greenblatt - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,500,000 UNITS: 8 ~ PPU: $312,500 SF: 6,388 ~ PPSF: $391

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31