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Carlyle Group Acquires Multifamily Property In Crown Heights, Brooklyn For $9.15M

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SOLD
$7,500,000

New York

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MultiFamily8,766 SF
Sold 11/05/2020
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Property Image
SOLD

Carlyle Group Acquires Multifamily Property In Crown Heights, Brooklyn For $9.15M

1436 Pacific St, Brooklyn, NY 11216, USA

See Similar Deals
MultiFamily8,766 SF
Sold 11/05/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$855
Total Square Footage:8,766 SF
Transaction Type:Sale

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.

Players

CM
28 deals$146M volume
BUYER

11 deals$78.1M volume
SELLER

Details

SOLD
IMAGE: Drew Popkin DATE: 01/17/2023 ADDRESS: 1436 Pacific Street MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Carlyle Group (@OneCarlyle) - Carter Martin SELLER: Highpoint Property Group (@HighpointPropertyGroup) - Drew Popkin SALE PRICE: $9,150,000 UNITS: 8 ~ PPU: $1,143,750 SF: 8,764 ~ PPSF: $1,044

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92