facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,000,000

New York

See Similar Deals
MultiFamily3,168 SF
Sold 08/16/2023
the dealplayerscompscontact
Property Image
SOLD

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

171 Madison St Brooklyn, Ny 11216, Usa

See Similar Deals
MultiFamily3,168 SF
Sold 08/16/2023
Contact now

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

David Chang
46 deals$211.7M volume(914) 420-1985
BROKER

Carlyle Group
BUYER



Details

SOLD
IMAGE: David Chang DATE: 08/16/2023 ADDRESS: 171 Madison Street MARKET: Bed-Stuy, Brooklyn ASSET TYPE: Multifamily BUYER: Greenbrook Partners & Carlyle Group SELLER: Nick Warchola BROKERS: David Chang (@DavidChangNY) - Compass SALE PRICE: $4,000,000 SF: 3,168 ~ PPSF: $1,263

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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