Greenbrook Partners & Carlyle Group Acquire MultiFamily Property At 260 President Street, Carroll Gardens, Brooklyn For $6.1M
SOLD
$6,100,000
New York
See Similar DealsMultiFamily4,360 SF
Sold 10/19/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire MultiFamily Property At 260 President Street, Carroll Gardens, Brooklyn For $6.1M
260 President Street
See Similar DealsMultiFamily4,360 SF
Sold 10/19/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,399
Total Square Footage:4,360 SF
Transaction Type:Sale
The MultiFamily property located at 260 President Street in Carroll Gardens, Brooklyn has been sold for a total of $6,100,000. Spanning across 5,100 square feet, the property boasts a price per square foot of $1,196.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $6,100,000
- Square Footage: 5,100
- Price Per Square Foot: $1,196
- Address: 260 President Street, Carroll Gardens, Brooklyn
- Seller: Natalia Harvey
- Buyer: Greenbrook Partners & Carlyle Group
- Broker: David Chang - Compass
The sale of 260 President Street was facilitated by David Chang from Compass, who represented both the buyer, Greenbrook Partners & Carlyle Group, and the seller, Natalia Harvey. This transaction marks an important deal in the Carroll Gardens market in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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