Eckstrom NYC Acquires Multifamily Building In Brooklyn Heights For $7.05M
109 Willow St Brooklyn, NY 11201, USA
$7,050,000
$807/SF
Building Size
8,730 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
AI
Carlos Saavedra's Eckstrom NYC has purchased a six-unit residential walkup building located at 109 Willow Street in Brooklyn Heights, Brooklyn. The property was sold by Debra L. Katz's entity, Wisser Enterprises, L.P., for a total price of $7,050,000. The building spans a total area of 8,730 square feet, resulting in a price per square foot of $808.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,050,000
- Address: 109 Willow Street, Brooklyn Heights, Brooklyn
- Market: Brooklyn Heights, Brooklyn
- Buyer: Eckstrom NYC - Carlos Saavedra
- Seller: Debra L. Katz
- Square Footage: 8,730
- Price per Square Foot: $808
This transaction represents a significant acquisition for Carlos Saavedra's Eckstrom NYC. The purchase of the six-unit residential walkup building demonstrates their continued investment in the real estate market. Debra L. Katz, through her entity Wisser Enterprises, L.P., successfully sold the property, indicating her ability to identify prime real estate assets.
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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93