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116 Madison Street

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

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

116 Madison Street

$3,191,500

$952/SF

Building Size

3,350 SF

Asset Type

MultiFamily

Closing

Jul 31, 2025

AI

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.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Compass
CompassBrokerage

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.97%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93