Eckstrom NYC Acquires Multifamily Property In Brooklyn Heights For $8.1M
SOLD
$8,100,000
New York
See Similar DealsMultiFamily9,375 SF
Sold 06/25/2024
SOLD
Eckstrom NYC Acquires Multifamily Property In Brooklyn Heights For $8.1M
29 Willow Street
See Similar DealsMultiFamily9,375 SF
Sold 06/25/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$864
Total Square Footage:9,375 SF
Transaction Type:Sale
The multifamily property located at 29 Willow Street in Brooklyn Heights was sold for $8,100,000. The property consists of 10 units with a total square footage of 9,375. The price per unit was $810,000, and the price per square foot was $864.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Address: 29 Willow Street
- Market: Brooklyn Heights
- Buyer: Eckstrom NYC
- Seller: Sheeran Family
- Broker: Robert Ferman - Newmark
Robert Ferman, who was previously with Marcus and Millichap, played a key role in this transaction by bringing together both the seller and the buyer for the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
Is there something missing? Send suggestions