The Blaleh Family Acquires Multifamily Property In Williamsburg For $4.27M
199 North 6th
$4,275,000
$1,214/SF
Building Size
3,520 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
AI
A multifamily property located at 199 North 6th Street in Williamsburg, Brooklyn has been sold for a total of $4,275,000. The property consists of 4 units with an average price per unit of $1,068,750. It spans a total of 3,520 square feet, making the price per square foot $1,214.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,275,000
- Units: 4
- Price Per Unit: $1,068,750
- Square Footage: 3,520
- Price Per Square Foot: $1,214
- Address: 199 North 6th Street, Williamsburg, Brooklyn
- Buyer: The Blaleh Family
- Seller: Abe Cohen - Conway Capital
- Broker: Michael Sherman - Baseline Real Estate Advisors
The sale of the property was facilitated by Michael Sherman of Baseline Real Estate Advisors, representing the buyer, The Blaleh Family. The seller, Abe Cohen, represented Conway Capital. This transaction marks a significant investment opportunity in the thriving market of Williamsburg, Brooklyn.
Players
North 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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93