Northgate Real Estate Group Sells 634 Wilson Avenue Multifamily Building In Brooklyn For $2.25M
634 Wilson Avenue
$2,250,000
$461/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Nov 4, 2025
AI
The multifamily property located at 634 Wilson Avenue in Brooklyn was sold for $2,250,000. The building consists of 6 units, spanning a total square footage of 4,875, which equates to a price per unit of $375,000 and a price per square foot of $461.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 6
- Square Footage: 4,875
- Price Per Unit: $375,000
- Price Per Square Foot: $461
- Sale Date: 11/5/2025
- Broker Representatives: Greg Corbin & Felix Ades - Northgate Real Estate Group
- Market: Brooklyn
- Note: Northgate Real Estate Group sold the 3-story multifamily building through a bankruptcy sale.
Greg Corbin and Felix Ades from Northgate Real Estate Group represented the seller in this transaction, showcasing their expertise in handling the complexities of a bankruptcy sale.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93