The Carlyle Group And Greenbrook Acquire Multifamily Property From David Chang For $3.644M
SOLD
$3,465,000
New York
See Similar DealsMultiFamily4,542 SF
Sold 01/03/2025
SOLD
The Carlyle Group And Greenbrook Acquire Multifamily Property From David Chang For $3.644M
368 Weirfield Street
See Similar DealsMultiFamily4,542 SF
Sold 01/03/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$762
Total Square Footage:4,542 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,310.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,425.87
Annual Debt Service$197,110.41
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