Updated Dec 2, 2024
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
About this deal
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.
On the Map
$4,000,000
$1,262/SF
MultiFamily
View full map
Players
Street MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Chang to view all their deals.
Browse Street multifamily sales on Traded.
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