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
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