Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $4.6M
SOLD
$4,600,000
New York
See Similar DealsMultiFamily5,280 SF
Sold 07/25/2024
SOLD
Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $4.6M
157 Stuyvesant Avenue
See Similar DealsMultiFamily5,280 SF
Sold 07/25/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$871
Total Square Footage:5,280 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 157 Stuyvesant Avenue in Brooklyn. The sale price was $4,600,000, and the property encompasses a total of 5,280 square feet, translating to a price per square foot of $871.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 157 Stuyvesant Avenue
- Market: Brooklyn
- Square Footage: 5,280
- Price Per Square Foot: $871
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Albert Rossmeier
- Buyer’s Representatives: David Chang & Natalia Harvey - Compass
The individuals facilitating the buyer's interest in this transaction are David Chang and Natalia Harvey, both representing Compass. Their involvement highlights the role of brokerage firms in navigating multifamily property transactions within the Brooklyn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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