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
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.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93