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
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