Greenbrook Partners & Carlyle Group Inc. Acquire Multifamily Property In New York City For $3.67M
SOLD
$3,668,000
New York
See Similar DealsMultiFamily4,645 SF
Sold 02/21/2023
SOLD
Greenbrook Partners & Carlyle Group Inc. Acquire Multifamily Property In New York City For $3.67M
1401 Hancock Street
See Similar DealsMultiFamily4,645 SF
Sold 02/21/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$789
Total Square Footage:4,645 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$195,626.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,031.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,388.19
Annual Debt Service$208,658.30
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