SOLDMultiFamily
Emad Hamdan Acquires Multifamily In Bay Ridge, Brooklyn For $2.85M
6914 6th Avenue, Brooklyn, New York 11209, United States
$2,850,000
$225/SF
Building Size
12,659 SF
Asset Type
MultiFamily
Closing
May 4, 2022
AI
A multifamily property located at 6914 6th Ave. in Bay Ridge, Brooklyn was recently sold for $2,850,000. The property spans 12,659 square feet, resulting in a price per square foot of $225. The transaction took place on 05/05/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Square Footage: 12,659
- Price per Square Foot: $225
- Market: Bay Ridge, Brooklyn
The buyer of the property is Emad Hamdan and the seller is Yonah Halton. Representing the transaction was Ben Khakshoor from Rosewood Realty Group.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93