Carlyle Group Acquires Multifamily Property In Carroll Gardens, Brooklyn For $6.9M
38 3rd Street
$6,900,000
$1,030/SF
Building Size
6,696 SF
Asset Type
MultiFamily
Closing
Jan 12, 2024
AI
The multifamily property located at 38 3rd Street in Carroll Gardens, Brooklyn, was sold in a transaction for $6.9 million. The eight-unit residential walkup building spans 6,696 square feet, resulting in a price per square foot of $1,030. The deal was between Carter Martin of Carlyle Group, representing Townhouse Rental, L.L.C., as the buyer, and Gregory Fournier of Greenbrook Partners as the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Address: 38 3rd Street
- Market: Carroll Gardens, Brooklyn
- Buyer: Carter Martin - Carlyle Group
- Seller: Gregory Fournier - Greenbrook Partners
- Units: 8
- Price per Unit: $862,500
- Square Footage: 6,696
- Price per Square Foot: $1,030
Carlyle Group acquired the property through Townhouse Rental, L.L.C., with Greenbrook Partners retaining a partnership interest in the deal. Carter Martin, representing Carlyle Group, facilitated the purchase of the eight-unit residential building from Gregory Fournier, the seller from Greenbrook Partners.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93