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260 President Street

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property At 260 President Street, Carroll Gardens, Brooklyn For $6.1M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property At 260 President Street, Carroll Gardens, Brooklyn For $6.1M

260 President Street

$6,100,000

$1,399/SF

Building Size

4,360 SF

Asset Type

MultiFamily

Closing

Oct 19, 2023

AI

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.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

Carlyle Group

Greenbrook Partners

Buyer

$12.1M

vol

3 deals

Buyer

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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93