Updated Oct 19, 2026
Carlos Saavedra Of Eckstrom NYC Sells Renovated Townhouse At 487 Henry Street For $12.3M
487 Henry Street
$12,300,000
Building Size
—
Asset Type
Single Family
Closing
Oct 16, 2026
About this deal
AI
A single-family townhouse located at 487 Henry Street in Cobble Hill was sold for $12.3 million. The property was previously acquired for $4.7 million in 2024. It underwent renovations and features five stories.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,300,000
- Address: 487 Henry Street
- Market: Cobble Hill
- Seller: Carlos Saavedra - Eckstrom NYC
- Buyer's Representative: Frank Giordano - Charney Brokerage
- Seller's Representative: Carl Gambino - Compass
The sale represented a 14% discount from the original asking price of $14.3 million. The transaction highlights the involvement of Carlos Saavedra, representing the seller through Eckstrom NYC, and Frank Giordano, who represented the buyer from Charney Brokerage. Carl Gambino of Compass acted as the seller's representative.
On the Map
$12,300,000
Single Family
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93