Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bed-Stuy, Brooklyn For $4M
SOLD
$4,000,000
New York
See Similar DealsMultiFamily3,168 SF
Sold 08/16/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bed-Stuy, Brooklyn For $4M
171 Madison St Brooklyn, Ny 11216, Usa
See Similar DealsMultiFamily3,168 SF
Sold 08/16/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,262
Total Square Footage:3,168 SF
Transaction Type:Sale
A multifamily property located at 171 Madison Street in Bed-Stuy, Brooklyn has been sold. The property spans 3,168 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $1,263.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 171 Madison Street, Bed-Stuy, Brooklyn
- Square Footage: 3,168
The buyers in this transaction were Greenbrook Partners and Carlyle Group, while the seller was Nick Warchola. The deal was facilitated by David Chang from Compass.
Players
BUYER
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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