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
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