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222 North 6th Street

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

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:

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 Salvatico

Marcus & Millichap

Broker

$795.9M

vol

175 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

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