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231 Cornelia Street

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property On Cornelia Street For $2.4M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property On Cornelia Street For $2.4M

231 Cornelia Street

$2,400,000

$935/SF

Building Size

2,565 SF

Asset Type

MultiFamily

Closing

Feb 27, 2023

AI

The multi-family property located at 231 Cornelia Street in New York City has been sold for $2,400,000. The property spans across 2,565 square feet, resulting in a price per square foot of $936. The transaction took place on February 27, 2023. The property was acquired by Greenbrook Partners and Carlyle Group.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,400,000
  • Size: 2,565 square feet
  • Price per Square Foot: $936
  • Address: 231 Cornelia Street, New York City
  • Market: New York City

The sale of 231 Cornelia Street was facilitated by David Chang from Compass. Daniel Cohen, representing The Daniel Cohen Team, served as the seller. It is worth noting that no additional details were provided about the buyer's broker representative.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Carlyle Group
Carlyle GroupBuyer

Daniel Cohen

Seller

$36.7M

vol

10 deals

Seller

Market 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93