Updated Dec 4, 2024
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
About this deal
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:
- 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, . This transaction marks an important deal in the Carroll Gardens market in Brooklyn.
On the Map
$6,100,000
$1,399/SF
MultiFamily
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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