Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In Stuyvesant Heights, Brooklyn For $4.8M
550 Van Buren Street
$4,800,000
$1,263/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
AI
A multifamily property located at 550 Van Buren Street in Stuyvesant Heights, Brooklyn has been sold for a total price of $4,800,000. The property consists of 8 units, with each unit having a price per unit of $600,000. The total square footage of the property is 3,800, with a price per square foot of $1,263.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $4,800,000
- Address: 550 Van Buren Street, Stuyvesant Heights, Brooklyn
- Market: Stuyvesant Heights, Brooklyn
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Natalia Harvey
- Broker: David Chang - Compass
- Units: 8
- Price per Unit: $600,000
- Square Footage: 3,800
- Price per Square Foot: $1,263
Greenbrook Partners & Carlyle Group have acquired the property from Natalia Harvey. The deal was facilitated by David Chang from Compass.
Players
Brooklyn 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93