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525A Quincy St Brooklyn, NY...

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In New York City From Nicholas Warchola
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In New York City From Nicholas Warchola

525A Quincy St Brooklyn, NY 11221, USA

$2,074,582

$740/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

May 12, 2023

AI

The multi-family property located at 525a Quincy Street in New York City has been sold. The transaction took place on 05/12/2023.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,074,582
  • Square Footage: 2,800
  • Price per Square Foot: $741
  • Market: New York City

The buyer of the property was Greenbrook Partners & Carlyle Group, while the seller was Nicholas Warchola. The transaction was facilitated by David Chang and Natalia Harvey of Compass.

This successful sale demonstrates the demand for multi-family properties in New York City's real estate market. The property at 525a Quincy Street offered 2,800 square feet of space, selling for a price of $2,074,582. The transaction was carried out by Greenbrook Partners & Carlyle Group as the buyers, with Nicholas Warchola as the seller. David Chang and Natalia Harvey of Compass represented the parties involved in the deal.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker
Carlyle Group
Carlyle GroupBuyer
Carlyle Group
Carlyle GroupLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.65%

Cash-on-Cash

-2.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93