Abraham Sigman Acquires Multifamily Building In Greenwood Heights, Brooklyn For $1.86M
693 6th Avenue, Brooklyn, NY 11215
$1,860,000
$308/SF
Building Size
6,032 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
A multifamily property located at 693 6th Avenue in Greenwood Heights, Brooklyn was recently sold for $1,860,000. The property consists of 8 units with a price per unit of $232,500. It spans across 6,032 square feet, resulting in a price per square foot of $308.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,860,000
- Units: 8
- Price per Unit: $232,500
- Square Footage: 6,032
- Price per Square Foot: $308
- Market: Greenwood Heights, Brooklyn
The sale was facilitated by John Brennan from The Brennan Team at Marcus & Millichap. Abraham Sigman purchased the property from Frank Picone.
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
8.53%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93