Greenbrook Partners & Carlyle Group Acquire Multifamily Property On Covert Street In New York City For $1.8M
SOLD
$1,845,000
New York
See Similar DealsMultiFamily2,418 SF
Sold 01/10/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire Multifamily Property On Covert Street In New York City For $1.8M
178 Covert Street
See Similar DealsMultiFamily2,418 SF
Sold 01/10/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$763
Total Square Footage:2,418 SF
Transaction Type:Sale
The multifamily property located at 178 Covert Street in New York City has been sold in a closed transaction. The property spans 2,418 square feet and was sold for a price of $1,845,000, resulting in a price per square foot of $763.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,845,000
- Square Footage: 2,418
- Address: 178 Covert Street, New York City
- Market: New York City
The buyers of the property are Greenbrook Partners and Carlyle Group. The seller in this transaction was Natalia Harvey. The deal was facilitated by two brokers: David Chang from Compass and Daniel Cohen from The Corcoran Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,554.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,746.24
Annual Debt Service$104,954.90
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