Updated Sep 9, 2024
Greenbrook Partners & Carlyle Group Acquire Multifamily Property On Covert Street In New York City For $1.8M
178 Covert Street
$1,845,000
$763/SF
Building Size
2,418 SF
Asset Type
MultiFamily
Closing
Jan 10, 2023
About this deal
AI
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
New York City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.60%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93