Gregory Fournier Acquires Apartment In Brooklyn Heights For $4.2M
144 Willow St, Brooklyn, NY 11201, USA
$8,300,000
$100/SF
Building Size
82,300 SF
Asset Type
MultiFamily
Closing
Jan 26, 2020
AI
An apartment located at 32 Pierrepont Street in Brooklyn Heights, Brooklyn has been sold in a recent transaction. The property, with an address in a sought-after neighborhood, offers a spacious living space with a total square footage of 6,320. The buyer, Gregory Fournier, acquired the apartment for a price of $4,200,000 from the seller, Rachel Foster. The transaction represents a significant increase from the last sale price of $2,925,000 recorded on August 23, 2018.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $4,200,000
- Market: Brooklyn Heights, Brooklyn
- Zoning: R6, LH-1
- SF: 6,320
- Price per square foot: $665
- Last sale price: $2,925,000 (8/23/2018)
The apartment, situated on a 20 ft x 100 ft lot, showcases a desirable floor plan with a building square footage (BSF) of 4,860. With a favorable price per BSF of $864, the property offers a compelling investment opportunity. The transaction also entailed an alteration permit obtained on June 21, 2019, indicating potential enhancements made to the apartment. The lot size is measured at 2,000 square feet, providing ample space for residents.
Players
New York 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93