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6911 14th Ave, Brooklyn, NY...

Updated Dec 21, 2023

Qui Liu Acquires 6-Unit Multi-Family Building In Dyker Heights, Brooklyn For $1.66M
SOLDMultiFamily

Qui Liu Acquires 6-Unit Multi-Family Building In Dyker Heights, Brooklyn For $1.66M

6911 14th Ave, Brooklyn, NY 11228, USA

Building Size

50,280 SF

Asset Type

MultiFamily

Closing

Jun 13, 2018

About this deal

AI

A multi-family property located at 6911 14th Avenue in Dyker Heights, Brooklyn has been sold for a price of $1,660,000. The property spans 5,028 square feet and consists of 6 units. The price per square foot is $330, and the price per unit is $276,666. The property has a capitalization rate of 1.88% and a pro-forma rate of 4.44%. The gross rent multiplier (GRM) is 22.962.

Summary of transaction details

  • Property Type: Multi-Family
  • Transaction Amount: $1,660,000
  • Square Footage: 5,028 SF
  • Price Per Square Foot: $330
  • Number of Units: 6
  • Price Per Unit: $276,666
  • Capitalization Rate: 1.88%
  • Pro-Forma Rate: 4.44%
  • Gross Rent Multiplier (GRM): 22.962

Rita Giura was the seller of the property, while Qui Liu was the buyer. The deal was facilitated by the broker Samuel Finkler from Marcus & Millichap.

Players

John Brennan

Marcus & Millichap

Broker

$191.3M

vol

75 deals

Broker
TrueRate Services
TrueRate ServicesBrokerage

Rita Giura

Seller

$2.6M

vol

2 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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