Eckstrom NYC Acquires Multifamily Property In Brooklyn Heights For $7.5M
SOLD
New York
See Similar DealsMultiFamily3,420 SF
Sold 11/17/2021
SOLD
Eckstrom NYC Acquires Multifamily Property In Brooklyn Heights For $7.5M
9 Willow Place, Brooklyn Heights, Brooklyn, NY, USA
See Similar DealsMultiFamily3,420 SF
Sold 11/17/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,659
Total Square Footage:3,420 SF
Transaction Type:Sale
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
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
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)
$302,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,162.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,902.40
Annual Debt Service$322,828.74
Is there something missing? Send suggestions