Marcus & Millichap Sells 8 Unit Multifamily Property At 222 North 6th Street For $2.5M
222 North 6th Street
$2,500,000
$391/SF
Building Size
6,388 SF
Asset Type
MultiFamily
Closing
Apr 4, 2025
AI
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:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 8
- Price Per Unit: $312,500
- Square Footage: 6,388
- Price Per Square Foot: $391
- Date of Transaction: 04/04/2025
- Brokers Involved: Shaun Riney, Michael Salvatico, and Daniel Greenblatt - Marcus & Millichap
Shaun Riney, Michael Salvatico, and Daniel Greenblatt represented the sellers in this transaction, facilitating the closing process within the multifamily market of Williamsburg.
Players
Brooklyn 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93