Greenbrook Partners & Carlyle Group Acquire Multifamily Asset In Bushwick For $3.24M
234 Saint Nicholas Avenue
$3,240,000
$762/SF
Building Size
4,247 SF
Asset Type
MultiFamily
Closing
Mar 5, 2024
AI
The multifamily property located at 234 Saint Nicholas Avenue in Bushwick was recently sold for $3,240,000. Spanning 4,247 square feet, the property comprises 5 units, resulting in a price per square foot of $763 and a per unit price of $648,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,240,000
- Address: 234 Saint Nicholas Avenue
- Market: Bushwick
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Patrick Callahan
- Brokers: David Chang & Natalia Harvey - Compass
- Square Footage: 4,247
- Price per Square Foot: $763
- Units: 5
- Price per Unit: $648,000
The deal was facilitated by David Chang and Natalia Harvey from Compass, representing the parties involved in this property transaction.
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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93