Greenbrook Partners & Carlyle Group Acquire Multifamily Property In New York City For $5.4M
SOLD
$5,435,000
+ 1
New York
See Similar DealsMultiFamily3,836 SF
Sold 07/20/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In New York City For $5.4M
287 Union St Brooklyn, NY 11231, USA
See Similar DealsMultiFamily3,836 SF
Sold 07/20/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,416
Total Square Footage:3,836 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 287 Union Street in New York City. The sale took place on July 20, 2023, and the property was sold for a price of $5,435,000. The total square footage of the property is 3,836, resulting in a price per square foot of $1,417.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,435,000
- Address: 287 Union Street, New York City
- Square Footage: 3,836
- Price per Square Foot: $1,417
- Market: New York City
The buyer of the property was Greenbrook Partners & Carlyle Group, while Nick Warchola was the seller. The buyer was represented by David Chang and Natalia Harvey from Compass, while Eric Sidman served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$289,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,309.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,764.67
Annual Debt Service$309,176.07
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