Updated Nov 2, 2026
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:
- Property Type: MultiFamily
- Transaction Amount: $3,000,000
- Address: 159 Eckford Street
- Market: Brooklyn
- Square Footage: 3,450
- Price Per Square Foot: $869
- Buyer: Greg Fournier
- Seller: Paul Jacobs
- Brokers: Shaun Riney, Michael Salvatico & Harrison Rich - Marcus & Millichap
- Date of Transaction: 10/19/2026
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.
On the Map
$3,000,000
$869/SF
MultiFamily
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Players
Brooklyn 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93