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693 6th Avenue, Brooklyn, N...

Abraham Sigman Acquires Multifamily Building In Greenwood Heights, Brooklyn For $1.86M
SOLDMultiFamily

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

John Brennan

Marcus & Millichap

Broker

$187.6M

vol

73 deals

Broker

Frank Picone

Seller

$13M

vol

6 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

8.53%

Cash-on-Cash

-2.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93