The Carlyle Group And Greenbrook Acquire Multifamily Property From David Chang For $3.644M
368 Weirfield Street
$3,465,000
$762/SF
Building Size
4,542 SF
Asset Type
MultiFamily
Closing
Jan 3, 2025
AI
The property asset involved in this transaction is a multifamily building located at 368 Weirfield Street in Brooklyn. The sale price was $3,644,500, with a total of 6 units. The square footage of the property is 4,542, resulting in a price per unit of $607,417 and a price per square foot of $802.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,644,500
- Address: 368 Weirfield Street
- Market: Brooklyn
- Units: 6
- Square Footage: 4,542
- Price Per Unit: $607,417
- Price Per Square Foot: $802
- Buyer: The Carlyle Group & Greenbrook
- Seller: David Chang
- Broker Representatives: David Chang & Natalia Harvey - Compass
The key individuals involved in the deal include the buyer, The Carlyle Group and Greenbrook, along with seller David Chang. The transaction was facilitated by broker representatives David Chang and Natalia Harvey from Compass, who played a significant role in concluding the sale.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93