Carlyle Group Acquires Mixed-Use Property In Park Slope, Brooklyn For $6.2M From Greenbrook Partners
370 5th Avenue Brooklyn, New York 11215, USA
$6,200,000
$1,199/SF
Building Size
5,169 SF
Asset Type
Mixed-use
Closing
May 25, 1902
About this deal
AI
The Carlyle Group, led by Carter Martin, has recently acquired a mixed-use property located at 370 5th Avenue in Park Slope, Brooklyn. The property was sold by Greenbrook Partners, represented by Gregory Fournier, for a sale price of $6.2 million. This transaction took place on May 25, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $6,200,000
- Property Address: 370 5th Avenue
- Market: Park Slope, Brooklyn
Carlyle Group, a prominent buyer in the real estate industry, saw potential in the mixed-use property and decided to acquire it. Greenbrook Partners, represented by Gregory Fournier, acted as the seller in this deal. The property spans across 5,169 square feet and has a price per square foot of $1,199. Additionally, the property has a building square footage of 7,431 and a price per building square foot of $834.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93