Updated Oct 22, 2026
Sugar Hill Capital Partners Sells Multifamily Property At 293 Stuyvesant Avenue For $6.35M
293 Stuyvesant Avenue & 3 Macdonough Street
$6,350,000
$522/SF
Building Size
12,160 SF
Asset Type
MultiFamily
Closing
Oct 14, 2026
About this deal
AI
This multi-family asset, located at 293 Stuyvesant Avenue & 3 Macdonough Street in Brooklyn, was sold for $6,350,000. The property consists of 16 units, with a price per unit of $396,75. The total square footage of the property is 21,016, yielding a price per square foot of $302.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,350,000
- Units: 16
- Price Per Unit: $396.75
- Square Footage: 21,016
- Price Per Square Foot: $302
- Seller: Sugar Hill Capital Partners
- Brokers: Edward Setton & Adam J Hess - Sterling Property Group NY
- Date of Transaction: 10/14/2026
Edward Setton and Adam J Hess represented the seller, Sugar Hill Capital Partners, in this transaction, facilitating the sale of the property. For inquiries regarding similar assets, interested parties can contact Adam J. Hess at [email protected] or Eddie Setton at [email protected].
On the Map
$6,350,000
$522/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93