Nicole Eckstrom & Carlos Saavedra Acquire Manhattan Townhouse From Marc Falcone For $8 Million

The property asset involved in this transaction is a single-family townhouse located at 248 West 12th Street in the Manhattan market. The property measures 3,400 square feet and was sold for $8,000,000, translating to a price per square foot of $2,353.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $8,000,000
• Address: 248 West 12th Street
• Market: Manhattan
• Square Footage: 3,400
• Price Per Square Foot: $2,353
• Buyer: Nicole Eckstrom & Carlos Saavedra - Eckstrom NYC
• Seller: Marc Falcone

This transaction marks the Cobble Hill-based developer Eckstrom's first major acquisition in Manhattan. The property was previously owned by the late food critic and cookbook author Mimi Sheraton, who purchased it in 1966 for $68,000. The two-family property has attracted interest due to its redevelopment potential, which entails renovations estimated to exceed $4 million and could take up to two years to complete.