Updated Oct 29, 2024
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
About this deal
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.
On the Map
$58,000,000
$654/SF
MultiFamily
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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