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.
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