Updated Dec 2, 2024
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In New York City For $5.4M
287 Union St Brooklyn, NY 11231, USA
$5,435,000
$1,416/SF
Building Size
3,836 SF
Asset Type
MultiFamily
Closing
Jul 20, 2023
About this deal
AI
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.
On the Map
$5,435,000
$1,416/SF
MultiFamily
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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
2.92%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93