Updated Sep 9, 2024
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
About this deal
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.
On the Map
$5,200,000
$1,181/SF
MultiFamily
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Players
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