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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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