Updated Jul 15, 2025
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Brooklyn multifamily sales on Traded.
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