Greenbrook Partners & Carlyle Group Purchase Multifamily Asset In Prospect Heights For $7M
186 Saint Marks Avenue
$7,000,000
$1,508/SF
Building Size
4,640 SF
Asset Type
MultiFamily
Closing
Feb 21, 2024
AI
The multifamily property located at 186 Saint Marks Avenue in Prospect Heights, Brooklyn was sold for $7,000,000. The property spans 4,640 square feet, resulting in a price per square foot of $1,509. The transaction involved Greenbrook Partners & Carlyle Group as the buyers and Aran Scott as the seller. The deal was facilitated by brokers David Chang & Natalia Harvey from Compass, representing both the buyers and the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Address: 186 Saint Marks Avenue
- Market: Prospect Heights, Brooklyn
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Aran Scott
- Brokers: David Chang & Natalia Harvey - Compass ; Aran Scott
- SF: 4,640
- PPSF: $1,509
The transaction at 186 Saint Marks Avenue involved key individuals and companies in the real estate deal. Greenbrook Partners & Carlyle Group acquired the property from the seller, Aran Scott. The brokers who played a crucial role in the deal were David Chang & Natalia Harvey from Compass, who represented the buyers and the seller, Aran Scott. This successful transaction highlights the collaborative efforts of the parties involved in the sale of this multifamily asset.
Players
Brooklyn 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93