Eckstrom NYC Acquires Multifamily Property In Brooklyn Heights For $7.5M
9 Willow Place, Brooklyn Heights, Brooklyn, NY, USA
$5,675,000
$1,659/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
AI
A multifamily property located at 36 Remsen Street in Brooklyn Heights, Brooklyn, was recently sold for a total price of $7,500,000. The property consists of 8 units, with a price per unit of $937,500. It spans a total square footage of 8,153, resulting in a price per square foot of $920.
Summary of Transation Details
- Property Type: Multifamily
- Sale Price: $7,500,000
- Units: 8
- Price per Unit: $937,500
- Square Footage: 8,153
- Price per Square Foot: $920
Eckstrom NYC, represented by Carlos Saavedra, acquired the property from the seller, Demetrios Yatrakis.
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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93