Updated Dec 21, 2023
Alex Pirozzi & Marco Pirozzi Acquire Sunset Park Multifamily For $5.2M
5416 4th Avenue, Brooklyn, New York 11220, United States
$5,200,000
$184/SF
Building Size
28,200 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
An multifamily property located at 5416-5422 4th Avenue, Sunset Park, Brooklyn has been sold for $5,200,000. The property consists of 37 units and spans a total of 28,200 square feet. The sale took place on June 16, 2022, with a capitalization rate of 5.47%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Address: 5416-5422 4th Avenue
- Market: Sunset Park, Brooklyn
- Units: 37
- Square Footage: 28,200
- Capitalization Rate: 5.47%
The buyers of the property are Alex Pirozzi and Marco Pirozzi. The brokers involved in the transaction were Stephen Vorvolakos, Victor Sozio, Sean R. Kelly, Esq, and Benjamin Vago, Esq. representing Ariel Property Advisors.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93