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18 St Andrews Pl Brooklyn, ...

Greenbrook Partners & Carlyle Group Acquire Multifamily Portfolio In New York City
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Portfolio In New York City

18 St Andrews Pl Brooklyn, NY 11216, USA

$11,890,000

$4,954/SF

Building Size

2,400 SF

Asset Type

MultiFamily

Closing

Jul 20, 2023

AI

A multifamily property located at 18 Saint Andrews Place, 94 Pilling Street, 68 Linden Street, 1014 Putnam Avenue, 43 Van Buren Street, and 554 Putnam Avenue in New York City has been sold for a total price of $11,890,000. The property spans a total of 2,400 square feet, with an average price per square foot of $4,954.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $11,890,000
  • Address: 18 Saint Andrews Place, 94 Pilling Street, 68 Linden Street, 1014 Putnam Avenue, 43 Van Buren Street, 554 Putnam Avenue
  • Market: New York City

The buyers of this multifamily property are Greenbrook Partners and Carlyle Group. The seller is Nick Warchola. The transaction was facilitated by broker David Chang from Compass.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Carlyle Group
Carlyle GroupBuyer

Nick Warchola

Seller

$42.7M

vol

6 deals

Seller
Carlyle Group
Carlyle GroupLender

New York 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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93