Eckstrom NYC Acquires Multifamily Property In Cobble Hill For $3.9M

An multifamily property located at 32 Butler Street in Cobble Hill, Brooklyn has been sold. The property consists of 3 units with a total square footage of 4,065. The sale price for this transaction was $3,900,000, resulting in a price per square foot of $959. The property was delivered vacant, providing an opportunity for the buyer to utilize it as they see fit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,900,000
• Units: 3
• Price Per Unit: $1,300,000
• Square Footage: 4,065
• Price Per Square Foot: $959

The buyer in this transaction is Eckstrom NYC, represented by Carlos Saavedra. The seller is the Lopez Family. The deal was facilitated by brokers Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring from Investment Property Realty Group (IPRG).

This sale represents an opportunity for the buyer to make use of a vacant multifamily property in the desirable Cobble Hill neighborhood of Brooklyn. The property offers potential for various investment strategies and future development.