facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

51 Tompkins Place

Carlos Saavedra - Eckstrom NYC Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.9M
SOLDMultiFamily

Carlos Saavedra - Eckstrom NYC Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.9M

51 Tompkins Place

$4,900,000

$1,392/SF

Building Size

3,520 SF

Asset Type

MultiFamily

Closing

Aug 24, 2023

AI

A three-unit multifamily building located at 51 Tompkins Place in Cobble Hill, Brooklyn, has been sold for $4.9 million. The property offers a total square footage of 3,520, with a price per square foot of $1,392. It features three units, resulting in an average price per unit of $1,633,333. The building has a total BSF (building square footage) of 5,545, with a price per BSF of $884.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,900,000
  • Address: 51 Tompkins Place, Cobble Hill, Brooklyn
  • Market: Cobble Hill, Brooklyn
  • Buyer: Carlos Saavedra - Eckstrom NYC
  • Seller: Carol Ann Schettina
  • Units: 3

Eckstrom NYC, represented by 51 Tompkins Place LLC, completed the purchase of the property. The buyer, Carlos Saavedra, played a key role in the transaction. The seller, Carol Ann Schettina, was the other party involved in the deal. The sale of the three-unit multifamily building demonstrates the continued demand for properties in the Cobble Hill area of Brooklyn.

Players

Carlos Saavedra

Eckstrom NYC

Buyer

$108.4M

vol

20 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93