Updated Dec 2, 2024
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In New York City For $3.6M
188 Nelson St Brooklyn, NY 11231, USA
$3,633,000
$1,892/SF
Building Size
1,920 SF
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
The multifamily property located at 188 Nelson Street in New York City has been sold. The sale was completed on 05/22/2023, and the property was purchased by Greenbrook Partners and Carlyle Group. The seller of the property is Nick Warchola. The transaction was facilitated by David Chang and Natalia Harvey, who are brokers from Compass.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,633,000
- Address: 188 Nelson Street
- Market: New York City
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Nick Warchola
- Brokers: David Chang & Natalia Harvey - Compass
The property spans 1,920 square feet, and the price per square foot is $1,892.
David Chang and Natalia Harvey from Compass represented the buyers, Greenbrook Partners and Carlyle Group, in this transaction.
On the Map
$3,633,000
$1,892/SF
MultiFamily
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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
4.37%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93