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109 Willow St Brooklyn, NY ...

Eckstrom NYC Acquires Multifamily Building In Brooklyn Heights For $7.05M
SOLDMultiFamily

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.

Players

Carlos Saavedra

Eckstrom NYC

Buyer

$108.4M

vol

20 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

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93