Updated Dec 2, 2024
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
About this deal
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.
On the Map
$2,074,582
$740/SF
MultiFamily
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Players
New York 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
7.65%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93