Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In New York City From Nicholas Warchola
SOLD
$2,074,582
New York
See Similar DealsMultiFamily2,800 SF
Sold 05/12/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In New York City From Nicholas Warchola
525A Quincy St Brooklyn, NY 11221, USA
See Similar DealsMultiFamily2,800 SF
Sold 05/12/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$740
Total Square Footage:2,800 SF
Transaction Type:Sale
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.
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LENDER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,644.37
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,370.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,834.58
Annual Debt Service$118,014.92
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