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
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