Updated Dec 2, 2024
Carlyle Group Acquires Multifamily Property In Crown Heights, Brooklyn For $9.15M
1436 Pacific St, Brooklyn, NY 11216, USA
$7,500,000
$855/SF
Building Size
8,766 SF
Asset Type
MultiFamily
Closing
Nov 4, 2020
About this deal
AI
Located at 1436 Pacific Street in Crown Heights, Brooklyn, this multifamily property has been sold in a closed transaction. The property features 8 units and spans across 8,764 square feet. The sale price for this property was $9,150,000, resulting in a price per unit of $1,143,750 and a price per square foot of $1,044.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,150,000
- Address: 1436 Pacific Street
- Market: Crown Heights, Brooklyn
- Units: 8
- Price per Unit: $1,143,750
- Square Footage: 8,764
- Price per Square Foot: $1,044
The buyer in this transaction was Carlyle Group, represented by Carter Martin. On the other hand, the seller was Highpoint Property Group, represented by Drew Popkin.
On the Map
$7,500,000
$855/SF
MultiFamily
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93