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62 Skillman Avenue, Brookly...

Toranomo Family Acquires Multifamily Property On Skillman Ave. In Williamsburg, Brooklyn For $5.2M
SOLDMultiFamily

Toranomo Family Acquires Multifamily Property On Skillman Ave. In Williamsburg, Brooklyn For $5.2M

62 Skillman Avenue, Brooklyn, New York 11211, United States

$5,200,000

$1,181/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

Jun 28, 2022

AI

The multifamily property located at 62 Skillman Ave in Williamsburg, Brooklyn, was recently sold in a transaction. The property consists of 5 units spanning across 4,400 square feet. The sale price for the property was $5,200,000, resulting in a price per unit of $1,040,000 and a price per square foot of $1,182.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 5
  • Price per Unit: $1,040,000
  • Square Feet: 4,400
  • Price per Square Foot: $1,182
  • Address: 62 Skillman Ave, Williamsburg, Brooklyn

The buyer of the property is Toranomo Family, while Johnny Din & Jake Kolb acted as the sellers. The deal was facilitated by Michael Sherman from Baseline Real Estate Advisors and Mas Iida from Relo Redac Inc.

Players

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Johnny Din

Johnny Din

Seller

$35.9M

vol

16 deals

Seller

New York 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93