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234 Saint Nicholas Avenue

Greenbrook Partners & Carlyle Group Acquire Multifamily Asset In Bushwick For $3.24M
SOLDMultiFamily

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

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

4.90%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93