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Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $1.85M

Property Image
SOLD
$1,850,000

New York

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MultiFamily2,700 SF
Sold 07/18/2024
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Property Image
SOLD

Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $1.85M

1285 Herkimer Street

See Similar Deals
MultiFamily2,700 SF
Sold 07/18/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$685
Total Square Footage:2,700 SF
Transaction Type:Sale

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:

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

Mark Martov
10 deals$39.3M volume
BROKER

David Chang
Compass
46 deals$211.7M volume(914) 420-1985
BROKER

Natalia Harvey
Compass
18 deals$63.2M volume(312) 918-3908
BROKER

Details

SOLD
IMAGE: Natalia Harvey, David Chang & Mark Martov DATE: 7/17/2024 ADDRESS: 1285 Herkimer Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Greenbrook Partners & Carlyle Group (@OneCarlyle) SELLER: Albert Rossmeier BUYER'S REP: David Chang & Natalia Harvey - Compass (@Compass) SELLER'S REP: Mark Martov (@Marks_Tagram) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $1,850,000 UNITS: 3 ~ PPU: $616,666 SF: 2,700 ~ PPSF: $685

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$98,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33