facebook
Traded Co logo
Submit
Daily limit: 0/10

Carlyle Group Acquires Multifamily Property In Carroll Gardens, Brooklyn For $6.9M

Property Image
SOLD
$6,900,000

New York

See Similar Deals
MultiFamily6,696 SF
Sold 01/12/2024
the dealplayerscompscontact
Property Image
SOLD

Carlyle Group Acquires Multifamily Property In Carroll Gardens, Brooklyn For $6.9M

38 3rd Street

See Similar Deals
MultiFamily6,696 SF
Sold 01/12/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,030
Total Square Footage:6,696 SF
Transaction Type:Sale

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

CM
28 deals$146M volume
BUYER

19 deals$607.1M volume
SELLER

Details

SOLD
IMAGE: 01/12/2024 ADDRESS: 38 3rd Street MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Multifamily BUYER: Carter Martin - Carlyle Group (@OneCarlyle) SELLER: Gregory Fournier - Greenbrook Partners SALE PRICE: $6,900,000 UNITS: 8 ~ PPU: $862,500 SF: 6,696 ~ PPSF: $1,030 NOTE: Carlyle Group, operating through Townhouse Rental, L.L.C., has acquired an eight-unit residential walkup building at 38 3rd Street in Carroll Gardens, Brooklyn, for $6.9 million from Greenbrook Partners, with Greenbrook remaining a partner in the deal.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24