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287 Union St Brooklyn, NY 1...

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In New York City For $5.4M
SOLDMultiFamily

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

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.

Players

Eric Sidman

Broker

$10.6M

vol

3 deals

Broker
Carlyle Group
Carlyle GroupBuyer

Nick Warchola

Seller

$42.7M

vol

6 deals

Seller
Carlyle Group
Carlyle GroupLender

New York 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