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1401 Hancock Street

Greenbrook Partners & Carlyle Group Inc. Acquire Multifamily Property In New York City For $3.67M
SOLDMultiFamily

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

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Carlyle Group
Carlyle GroupBuyer
Carlyle Group
Carlyle GroupLender

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