Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $1.85M
1285 Herkimer Street
$1,850,000
$685/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Jul 18, 2024
AI
The asset involved in the transaction is located at 1285 Herkimer Street in Brooklyn. This multifamily property encompasses 2,700 square feet and consists of 3 units. The sale price was recorded at $1,850,000, resulting in a price per unit of $616,666 and a price per square foot of $685.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 3
- Square Footage: 2,700
- Price Per Unit: $616,666
- Price Per Square Foot: $685
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Albert Rossmeier
- Buyer's Representative: David Chang & Natalia Harvey - Compass
- Seller's Representative: Mark Martov - The Corcoran Group
The transaction involved key representatives from the real estate brokerage firms. David Chang and Natalia Harvey from Compass represented the buyers, Greenbrook Partners and Carlyle Group. On the other side, Mark Martov from The Corcoran Group acted as the representative for the seller, Albert Rossmeier.
Players
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93