Greenbrook Partners & Carlyle Group Acquire Multifamily Property On Albany Avenue In Crown Heights For $2.165M
SOLD
$2,165,000
New York
See Similar DealsMultiFamily3,900 SF
Sold 10/04/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire Multifamily Property On Albany Avenue In Crown Heights For $2.165M
139 Albany Avenue
See Similar DealsMultiFamily3,900 SF
Sold 10/04/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$555
Total Square Footage:3,900 SF
Transaction Type:Sale
The multifamily property located at 139 Albany Avenue in Crown Heights has been sold in a closed transaction. The property spans approximately 3,900 square feet and was sold for a price of $2,165,000, resulting in a price per square foot of $555.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,165,000
- Address: 139 Albany Avenue
- Market: Crown Heights
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Patrick Callahan
- Brokers: Natalia Harvey & David Chang - Compass
- Square Footage: 3,900
- Price per Square Foot: $555
The buyer of the property was represented by Natalia Harvey and David Chang from Compass..
Players
BUYER
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,691.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,263.20
Annual Debt Service$123,158.45
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