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
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