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157 Stuyvesant Avenue

Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $4.6M
SOLDMultiFamily

Greenbrook Partners And Carlyle Group Acquire Multifamily Property In Brooklyn For $4.6M

157 Stuyvesant Avenue

$4,600,000

$871/SF

Building Size

5,280 SF

Asset Type

MultiFamily

Closing

Jul 25, 2024

AI

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.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

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

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93