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Carlos Saavedra And Nicole Eckstrom Acquire Brooklyn Townhouse For $15.5M With Timothy Malone As The Broker

Property Image
SOLD
$15,500,000

New York

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Single Family
Sold 12/10/2024
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Property Image
SOLD

Carlos Saavedra And Nicole Eckstrom Acquire Brooklyn Townhouse For $15.5M With Timothy Malone As The Broker

307 Hicks Street

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Single Family
Sold 12/10/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Single Family
Transaction Type:Sale

307 Hicks Street is a single-family property located in Brooklyn. The asset was sold under contract for $15,500,000, representing one of the highest values in the market for this type of property. The transaction involved a multifamily-to-single-family conversion, highlighting its unique transition within the market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Address: 307 Hicks Street
  • Market: Brooklyn
  • Buyer: Carlos Saavedra & Nicole Eckstrom
  • Broker: Timothy Malone - Compass

Carlos Saavedra and Nicole Eckstrom, the buyers, are noted for leading the acquisition, marking the deal as Brooklyn's most expensive contract. The broker representing the transaction was Timothy Malone from Compass, facilitating the successful negotiation and sale.

Players

Timothy "Tim" Malone
Douglas Elliman
Timothy Malone
2 deals$18M volume
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Carlos Saavedra & Nicole Eckstrom DATE: 12/10/2024 ADDRESS: 307 Hicks Street MARKET: Brooklyn ASSET TYPE: Single Family BUYER: Carlos Saavedra & Nicole Eckstrom - Eckstrom PRICE: $15,500,000 NOTE: Eckstrom, led by husband and wife duo, Carlos Saavedra and Nicole Eckstrom, snagged Brooklyn's most expensive contract last week via their $15.5M townhouse flip at 307 Hicks Street, a multifamily-to-single-family conversion.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$55,068.22
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