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138 Schaefer Street

Updated Mar 10, 2025

Greenbrook Partners And Carlyle Group Acquire Multifamily Property On Schaefer Street For $5.1M
SOLDMultiFamily

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

About this deal

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.

On the Map

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$5,100,000

$688/SF

MultiFamily

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Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

320 deals

Broker
Carlyle Group
Carlyle GroupBuyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $688 per square foot on a published $5.1M for 7,410 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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