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159 Eckford Street

Updated Nov 2, 2026

Greg Fournier Acquires 159 Eckford Street Multifamily In Brooklyn For $3,000,000
SOLDMultiFamily

Greg Fournier Acquires 159 Eckford Street Multifamily In Brooklyn For $3,000,000

159 Eckford Street

$3,000,000

$869/SF

Building Size

3,450 SF

Asset Type

MultiFamily

Closing

Oct 19, 2026

About this deal

AI

The property asset involved in the transaction is located at 159 Eckford Street in Brooklyn. This MultiFamily asset was sold for $3,000,000 and encompasses an area of 3,450 square feet, resulting in a price per square foot of $869.

Summary of transation details:

The deal involved key individuals including buyer Greg Fournier and seller Paul Jacobs, with representation from brokers Shaun Riney, Michael Salvatico, and Harrison Rich from Marcus & Millichap, who facilitated the transaction.

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$3,000,000

$869/SF

MultiFamily

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Players

Michael Salvatico

Marcus & Millichap

Broker

$883.6M

vol

191 deals

Broker
Shaun Riney
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Shaun Riney

Marcus & Millichap

Broker

$2B

vol

391 deals

Broker

Greg Fournier

Buyer

$648.8M

vol

28 deals

Buyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $869 per square foot on a published $3M for 3,450 square feet (2026).

Visit Michael (Mike) Salvatico to view all their deals.

Browse Brooklyn multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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