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234 Saint Nicholas Avenue

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.24M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.24M

234 Saint Nicholas Avenue

$3,240,000

$762/SF

Building Size

4,247 SF

Asset Type

MultiFamily

Closing

Jan 8, 2024

AI

The multifamily property located at 234 Saint Nicholas Avenue in Bushwick, Brooklyn has been sold in a transaction facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Noah Middlekauff from Investment Property Realty Group. The property was sold by Stefan Bohdanowycz to Greenbrook Partners and Carlyle Group for a sale price of $3,240,000.

Summary of transation details

The property comprises 5 units, with an average price per unit of $648,000. It spans a total area of 4,247 square feet, resulting in a price per square foot of $763.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker
Carlyle Group
Carlyle GroupBuyer
Carlyle Group
Carlyle GroupLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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