Updated Oct 22, 2026
Frank Maly Sells Multifamily Property At 921 Metropolitan Avenue Williamsburg For $1,050,000
921 Metropolitan Avenue
$1,050,000
$251/SF
Building Size
4,180 SF
Asset Type
MultiFamily
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in the transaction is located at 921 Metropolitan Avenue in Williamsburg. This multifamily asset consists of six units, encompassing a total square footage of 4,180. The sale price for the property was $1,050,000, resulting in a price per unit of $175,000 and a price per square foot of $251.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000
- Units: 6
- Square Footage: 4,180
- Price Per Unit: $175,000
- Price Per Square Foot: $251
- Seller: Frank Maly
- Brokers: Benjamin Vago, Esq., Sean R. Kelly & Esq. - Ariel Property Advisors
- Date of Transaction: 10/01/2026
The key individuals involved in this transaction include the seller, Frank Maly, who facilitated the sale of the asset. The brokers representing the transaction were Benjamin Vago, Esq. and Sean R. Kelly, Esq., both associated with Ariel Property Advisors, who played a significant role in the closing of this deal.
On the Map
$1,050,000
$251/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93