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186 Saint Marks Avenue

Greenbrook Partners & Carlyle Group Purchase Multifamily Asset In Prospect Heights For $7M
SOLDMultiFamily

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

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

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