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Nick Kotsonis Acquires Multifamily Property In Brooklyn For $2.7M From Seller Joseph Marsella

664 6th Avenue
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This MultiFamily property located in NY was sold about 6 years ago. The brokers of the deal were Richard Sodeke and John Brennan

The multifamily property located at 664 6th Avenue in Brooklyn, New York, has been sold in a closed transaction for a price of $2,700,000. The property spans across 5,400 square feet and has a price per square foot of $500. It consists of 8 units, with a price per unit of $337,500. The property has a capitalization rate of 3.83% and a gross rent multiplier of 17.65.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Address: 664 6th Avenue, Brooklyn, New York
  • Market: Brooklyn
  • Square Footage: 5,400 sf
  • Price per Square Foot: $500
  • Units: 8
  • Price per Unit: $337,500
  • Capitalization Rate: 3.83%
  • Gross Rent Multiplier: 17.65

The seller of the property was Joseph Marsella, while the buyer was Nick Kotsonis. The transaction was facilitated by Marcus & Millichap, with John Brennan and Richard Sodeke serving as the representatives from the brokerage firm.

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Deals
  • Location
    664 6th Ave, New York, NY 10010, USA664 6th Ave, New York, NY 10010, USA
  • Area
    5,400 SF5,400 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Richard Sodeke

Richard Sodeke

Deals3
Sold$2.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

IMAGE: John Brennan & Richard Sodeke DATE: 02/09/18 ADDRESS: 664 6th Avenue CITY: New York MARKET: Brooklyn ASSET TYPE: Multifamily PRICE: $2,700,000 SF: 5,400 sf PPSF: $500 UNITS: 8 PPU: $337,500 CAP RATE: 3.83% GRM: 17.65 SELLER: Joseph Marsella BUYER: Nick Kotsonis BROKER: Marcus & Millichap – John Brennan & Richard Sodeke

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664 6th Avenue

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