Abraham Sigman Acquires Multifamily Building In Greenwood Heights, Brooklyn For $1.86M
SOLD
$1,860,000
New York
See Similar DealsMultiFamily6,032 SF
Sold 10/13/2021
SOLD
Abraham Sigman Acquires Multifamily Building In Greenwood Heights, Brooklyn For $1.86M
693 6th Avenue, Brooklyn, NY 11215
See Similar DealsMultiFamily6,032 SF
Sold 10/13/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:6,032 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,608.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,817.35
Annual Debt Service$105,808.19
Is there something missing? Send suggestions