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147 Stanhope Street

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Brooklyn For $4.7M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Brooklyn For $4.7M

147 Stanhope Street

$4,700,000

$783/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

May 9, 2023

AI

Located at 147 Stanhope Street in Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans over 1,300 square feet and was sold for a price of $4,700,000, resulting in a price per square foot of $3,615.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,700,000
  • Address: 147 Stanhope Street
  • Market: Brooklyn

The buyers of the property were Greenbrook Partners and Carlyle Group, while the seller was Natalia Harvey. Representing the transaction was David Chang from Compass.

With this sale, Greenbrook Partners and Carlyle Group have made a significant investment in the Brooklyn multifamily market.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

Natalia Harvey

Seller

$24.7M

vol

7 deals

Seller

New York 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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93