Greenbrook & The Carlyle Group Acquire Multifamily Asset At 116 Madison Street For $3.19M

The property asset involved in the transaction is a multifamily building located at 116 Madison Street in Brooklyn. The sale price was $3,191,500, with five units available. The total square footage of the property is 3,350, resulting in a price per unit of $638,300 and a price per square foot of $952.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,191,500
• Address: 116 Madison Street
• Market: Brooklyn
• Units: 5
• Square Footage: 3,350
• Price Per Unit: $638,300
• Price Per Square Foot: $952
• Buyer: Greenbrook & The Carlyle Group
• Seller: David Lee
• Buyer's Rep: David Chang & Natalia Harvey - Compass
• Date of transaction: 8/1/2025

The transaction was represented by David Chang and Natalia Harvey from Compass, who acted as the buyer's representatives in this multifamily sale. Their expertise was utilized to facilitate the deal between the buyer and the seller, David Lee.