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Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In Stuyvesant Heights, Brooklyn For $4.8M

Property Image
SOLD
$4,800,000
David Chang
NH

New York

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MultiFamily3,800 SF
Sold 09/29/2023
the dealplayerscompscontact
Property Image
SOLD

Greenbrook Partners & Carlyle Group Acquire MultiFamily Property In Stuyvesant Heights, Brooklyn For $4.8M

550 Van Buren Street

See Similar Deals
MultiFamily3,800 SF
Sold 09/29/2023
David Chang
NH
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,263
Total Square Footage:3,800 SF
Transaction Type:Sale

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

David Chang
Compass
David Chang
46 deals$211.7M volume(914) 420-1985
BROKER
Carlyle Group
Carlyle Group
BUYER
Greenbrook Partners
Greenbrook Partners
BUYER
NH
Natalia Harvey
7 deals$24.7M volume
SELLER
Carlyle Group
Carlyle Group
LENDER

Details

SOLD
IMAGE: David Chang DATE: 09/29/2023 ADDRESS: 550 Van Buren Street MARKET: Stuyvesant Heights, Brooklyn ASSET TYPE: MultiFamily BUYER: Greenbrook Partners & Carlyle Group (@OneCarlyle) SELLER: Natalia Harvey BROKER: David Chang (@DavidChangNY) - Compass (@Compass) SALE PRICE: $4,800,000 UNITS: 8 ~ PPU: $600,000 SF: 3,800 ~ PPSF: $1,263

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39