Hawkins Way Capital Acquires 97 Columbia Heights Apartment From Jehovah's Witnesses For $58M
97 Columbia Heights, Brooklyn, NY 11201
$58,000,000
$654/SF
Building Size
88,610 SF
Asset Type
MultiFamily
Closing
Aug 16, 2017
AI
The property at 97 Columbia Heights in Brooklyn, NYC Boroughs had a closed transaction on 17th August, 2017. The asset type was an apartment, and it was sold by Jehovah's Witnesses to Hawkins Way Capital for a price of $58,000,000. The total area of the property was 88,610 square feet.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $58,000,000
- Square Footage: 88,610
- Address: 97 Columbia Heights, Brooklyn
Ravi Kantha from the Townhouse Guy and Matt Lesser, also from the Townhouse, represented the buyers and sellers in this deal.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93