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
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