Greenbrook Partners And Carlyle Group Acquire Multifamily Property On Schaefer Street For $5.1M
138 Schaefer Street
$5,100,000
$688/SF
Building Size
7,410 SF
Asset Type
MultiFamily
Closing
Mar 5, 2025
AI
The asset involved in this transaction is a multifamily property located at 138 Schaefer Street in Brooklyn. The sale price was $5,100,000, with the property consisting of 8 units. It has a total square footage of 7,410, translating to a price per unit of $637,500 and a price per square foot of $688.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 8
- Square Footage: 7,410
- Price Per Unit: $637,500
- Price Per Square Foot: $688
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Nelson Kim
- Buyer's Representative: David Chang & Natalia Harvey - Compass
- Seller's Representative: Derek Bestreich - Investment Property Realty Group
Greenbrook Partners and Carlyle Group were the buyers of the multifamily property, while the seller was Nelson Kim. David Chang and Natalia Harvey represented the buyers through Compass, and the seller was represented by Derek Bestreich from Investment Property Realty Group.
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