Eckstrom NYC Acquires Five To Six Families Property In Brooklyn Heights For $5.6M
SOLD
$5,600,000
New York
See Similar DealsMultiFamily7,126 SF
Sold 06/29/2021
SOLD
Eckstrom NYC Acquires Five To Six Families Property In Brooklyn Heights For $5.6M
113 Columbia Heights, Brooklyn Heights, Brooklyn, NY, USA
See Similar DealsMultiFamily7,126 SF
Sold 06/29/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$785
Total Square Footage:7,126 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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