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138 Schaefer Street

Updated Mar 10, 2025

Greenbrook Partners And Carlyle Group Acquire Multifamily Asset In Bushwick For $5.1M
SOLDMultiFamily

Greenbrook Partners And Carlyle Group Acquire Multifamily Asset In Bushwick For $5.1M

138 Schaefer Street

$5,100,000

$654/SF

Building Size

7,796 SF

Asset Type

MultiFamily

Closing

Mar 5, 2025

About this deal

AI

The property located at 138 Schaefer Street in Bushwick, Brooklyn consists of 8 multifamily units. The asset, which has a total square footage of 6,329, was sold for a transaction amount of $5,100,000, resulting in a price per unit of $637,500 and a price per square foot of $805.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $5,100,000
  • Units: 8
  • Square Footage: 6,329
  • Price Per Unit: $637,500
  • Price Per Square Foot: $805
  • Buyer: Greenbrook Partners & Carlyle Group
  • Seller: Sam Rubin
  • Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Noah Middlekauff & Joe Moravec - Investment Property Realty Group (IPRG)

This transaction involved key representatives from the brokerage firm Investment Property Realty Group (IPRG), including Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Noah Middlekauff, and Joe Moravec, who facilitated the sale between the buyer and seller.

On the Map

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$5,100,000

$654/SF

MultiFamily

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Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker
Carlyle Group
Carlyle GroupBuyer
Sam Rubin

Sam Rubin

Seller

$113.9M

vol

7 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $654 per square foot on a published $5.1M for 7,796 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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