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113 Columbia Heights, Brook...

Eckstrom NYC Acquires Five To Six Families Property In Brooklyn Heights For $5.6M
SOLDMultiFamily

Eckstrom NYC Acquires Five To Six Families Property In Brooklyn Heights For $5.6M

113 Columbia Heights, Brooklyn Heights, Brooklyn, NY, USA

$5,600,000

$785/SF

Building Size

7,126 SF

Asset Type

MultiFamily

Closing

Jun 28, 2021

AI

A five to six families (C2) ~ R6 property located at 113 Columbia Heights in the Brooklyn Heights neighborhood of Brooklyn has been sold for $5,600,000. The property spans 7,126 square feet and the price per square foot is calculated to be $786.

Summary of transaction details:

  • Property Type: Five to Six Families (C2) ~ R6
  • Transaction Amount: $5,600,000
  • Address: 113 Columbia Heights, Brooklyn Heights, Brooklyn
  • Square Footage: 7,126
  • Price per Square Foot: $786

The buyer in this transaction is Eckstrom NYC represented by Carlos Saavedra, while the seller is Lonicera Partners represented by Demetrios Yatrakis.

It is important to note that there is no available information regarding the last sale price or date of the property prior to this transaction.

Players

Carlos Saavedra

Eckstrom NYC

Buyer

$118.1M

vol

21 deals

Buyer
Demetrios Yatrakis

Demetrios Yatrakis

Lonicera Partners

Seller

$116.8M

vol

5 deals

Seller

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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93