Updated May 27, 2025
Canvas Property Group Sells Multifamily Asset At 286 5th Avenue Brooklyn For $9M
286 5th Avenue
$9,000,000
$808/SF
Building Size
11,137 SF
Asset Type
MultiFamily
Closing
May 20, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located at 286 5th Avenue, Brooklyn. The sale price was $9,000,000, with a total area of 11,137 square feet, equating to a price per square foot of $808.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 286 5th Avenue
- Market: Brooklyn
- Seller: Canvas Property Group
- Brokers: Daniel O'Brien, Caroline Hodes & Henry Hill - Newmark
The transaction was facilitated by the brokerage team consisting of Daniel O'Brien, Caroline Hodes, and Henry Hill, representing the seller, Canvas Property Group, in this multifamily property sale.
On the Map
$9,000,000
$808/SF
MultiFamily
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93