Updated Oct 28, 2024
Greenbrook Partners Acquires Multifamily In Prospect Heights From Lisa White For $3.1M
538 Carlton Avenue, Brooklyn, New York 11238, United States
$3,100,000
$688/SF
Building Size
4,504 SF
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
538 Carlton Avenue, located in Prospect Heights, has been sold in a recent transaction. The multifamily property consists of 3 units, providing a total of 4,504 square feet of living space. The sale, which took place on March 29, 2022, involved a purchase price of $3,100,000. This translates to a price per unit (PPU) of $1,033,333 and a price per square foot (PPSF) of $688.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 538 Carlton Avenue
- Market: Prospect Heights
Greenbrook Partners acted as the buyer in this transaction, while Lisa White represented the seller. The deal signifies another successful real estate transaction in the Prospect Heights market.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93