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144 Willow St, Brooklyn, NY...

Gregory Fournier Acquires Apartment In Brooklyn Heights For $4.2M
SOLDMultiFamily

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

Greg Fournier

Greenbrook Partners

Buyer

$607.1M

vol

19 deals

Buyer

Rachel Foster

Seller

$34.5M

vol

4 deals

Seller

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