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1 Willow Place, Brooklyn He...

Howard Brickner Acquires Multi Family Property On 1 Willow Place In Brooklyn Heights For $3.2M
SOLDMultiFamily

Howard Brickner Acquires Multi Family Property On 1 Willow Place In Brooklyn Heights For $3.2M

1 Willow Place, Brooklyn Heights, Brooklyn, NY, USA

$3,200,000

$1,015/SF

Building Size

3,152 SF

Asset Type

MultiFamily

Closing

Sep 9, 2021

AI

Located in Brooklyn Heights, Brooklyn, the multi-family property at 1 Willow Place was recently sold in a closed transaction. The sale took place on September 10, 2021, with Howard Brickner purchasing the property from Kurt L Roth for a total price of $3,200,000. The property is zoned as R6 and has a lot size of 1,313 square feet. The building has a total square footage of 3,152 and a building square footage (BSF) of 3,191. The price per square foot (PPSF) for the property is $1,015, while the price per building square foot (PPBSF) is $1,003. The property's floor area ratio (FAR) is 2.40, and it falls under tax class 2B.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $3,200,000
  • Address: 1 Willow Place, Brooklyn Heights, Brooklyn
  • Market: Brooklyn Heights, Brooklyn
  • Zoning: R6
  • Buyer: Howard Brickner
  • Seller: Kurt L Roth
  • Building Square Footage (BSF): 3,191
  • Price per Building Square Foot (PPBSF): $1,003
  • Square Footage (SF): 3,152
  • Price per Square Foot (PPSF): $1,015
  • Lot Size: 1,313 square feet
  • Last Sale Price: $0 (10/17/2019)
  • Lot Dimension: 14.83 ft x 67.83 ft

This transaction represents another successful deal facilitated by Howard Brickner, a representative from Brickner Agency. The purchase of 1 Willow Place contributes to Brooklyn's real estate market growth and showcases the continued interest in the Brooklyn Heights area. Kurt L Roth, the seller, also played a significant role in this transaction, demonstrating the potential and appeal of the property.

Players

Howard Brickner

Buyer

$25.6M

vol

5 deals

Buyer

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93