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

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.