Updated Dec 4, 2024
Wade Lee Acquires Multifamily Property In Sunset Park, Brooklyn For $2.6M
6205 8th Avenue
$2,588,800
$501/SF
Building Size
5,160 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
About this deal
AI
The multifamily property located at 6205 8th Avenue in Sunset Park, Brooklyn has been sold. The property spans 5,160 square feet and has been sold for a price of $2,588,800, resulting in a price per square foot of $502.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,588,800
- Address: 6205 8th Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The buyer of the property is Wade Lee, while the seller is the Estate of Zdzislaw J Kwasnik. The deal was facilitated by the broker representatives Caroline Hodes and Daniel O'Brien from Cushman & Wakefield.
Players
Brooklyn 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
6.13%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93