Greenbrook Partners & Carlyle Group Inc. Acquire Multifamily Property In New York City For $3.67M
1401 Hancock Street
$3,668,000
$789/SF
Building Size
4,645 SF
Asset Type
MultiFamily
Closing
Feb 21, 2023
AI
The property involved in this transaction is a multifamily building located at 1401 Hancock Street in New York City. The property has a total area of 4,645 square feet. The sale price for this asset was $3,668,000, resulting in a price per square foot of $790.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,668,000
- Market: New York City
- Buyer: Greenbrook Partners & Carlyle Group Inc.
- Seller: Giovanni Castro
- Brokers: David Chang & Giovanni Castro - Compass
The buyer of the property is a partnership between Greenbrook Partners and Carlyle Group Inc. On the other hand, the seller in this transaction is Giovanni Castro. The brokers involved in this deal are David Chang and Giovanni Castro, representing the parties as agents from Compass.
Players
Market 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
4.32%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93