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538 Carlton Avenue

Updated Jul 15, 2025

Greenbrook Partners Sells Multifamily Asset At 538 Carlton Avenue Brooklyn For $6.7M
SOLDMultiFamily

Greenbrook Partners Sells Multifamily Asset At 538 Carlton Avenue Brooklyn For $6.7M

538 Carlton Avenue

$6,700,000

$1,488/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

Jul 2, 2025

About this deal

AI

The property asset involved in the transaction is a multifamily real estate located at 538 Carlton Avenue, Brooklyn. The sale was completed for a price of $6,700,000, encompassing a total of 4 units and spanning 4,500 square feet. The price per unit was calculated at $1,675,000, and the price per square foot amounted to $1,488.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Units: 4
  • Square Footage: 4,500
  • Price Per Unit: $1,675,000
  • Price Per Square Foot: $1,488
  • Seller: Greenbrook Partners
  • Broker: Novo Living
  • Date of Sale: 7/3/2025
  • Market: Brooklyn

Greenbrook Partners acted as the seller in this transaction, while Novo Living represented the broker in the deal, facilitating the sale of the multifamily property to the buyer.

Players

Novo Living
Novo LivingBrokerage
Greenbrook Partners
Greenbrook PartnersSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $6.7M for 4,500 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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