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171 Madison St Brooklyn, Ny...

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bed-Stuy, Brooklyn For $4M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bed-Stuy, Brooklyn For $4M

171 Madison St Brooklyn, Ny 11216, Usa

$4,000,000

$1,262/SF

Building Size

3,168 SF

Asset Type

MultiFamily

Closing

Aug 16, 2023

AI

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

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Carlyle Group
Carlyle GroupBuyer

Nick Warchola

Seller

$42.7M

vol

6 deals

Seller
Carlyle Group
Carlyle GroupLender

Street 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93