Ashley Picillo Acquires MultiFamily Asset On Madison Street From Alan Sani For $3.15M
481 Madison Street
$3,150,000
$777/SF
Building Size
4,050 SF
Asset Type
MultiFamily
Closing
Jun 3, 2026
AI
The property involved in this transaction is a MultiFamily asset located at 481 Madison Street, Brooklyn. The sale price was $3,150,000, with 2 units and a total square footage of 4,050. The price per unit was $1,575,000, and the price per square foot was $777.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,150,000
- Units: 2
- Square Footage: 4,050
- Price per Unit: $1,575,000
- Price per Square Foot: $777
- Buyer: Ashley Picillo
- Seller: Alan Sani
- Seller's Representative: Sarig Brand, Afik Even & Joseph Jerbi - Massada Home Sales
- Date of Transaction: 6/4/2026
The transaction was characterized by smooth dealings among all parties involved. The seller's representatives, Sarig Brand, Afik Even, and Joseph Jerbi from Massada Home Sales, noted the successful completion, while also acknowledging Colin Turek and Barry Bordelon from the Brownstone Boys team at Compass for their involvement in this deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93