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481 Madison Street

Ashley Picillo Acquires MultiFamily Asset On Madison Street From Alan Sani For $3.15M
SOLDMultiFamily

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

Sarig Brand

Broker

$51M

vol

19 deals

Broker
Massada Home Sales
Massada Home SalesBrokerage

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