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
- Property Type: Multifamily
- Transaction Amount: $3,240,000
- Address: 234 Saint Nicholas Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Stefan Bohdanowycz
- Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Noah Middlekauff - Investment Property Realty Group
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
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