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722 Chauncey Street

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $2.22M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $2.22M

722 Chauncey Street

$2,220,000

$1,185/SF

Building Size

1,872 SF

Asset Type

MultiFamily

Closing

Dec 12, 2023

AI

Located at 722 Chauncey Street in Bushwick, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 3 units and spans a total of 1,872 square feet. The sale price for this property was $2,220,000, resulting in a price per square foot of $1,186. The buyer of the property was Greenbrook Partners & Carlyle Group, while the seller was Patrick Callahan. The transaction was facilitated by David Chang and Natalia Harvey of Compass.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,220,000
  • Address: 722 Chauncey Street, Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn

David Chang and Natalia Harvey, representing Compass, played a key role as brokers in this transaction. They worked on behalf of the buyer and seller to ensure a successful deal. Their expertise and negotiation skills were instrumental in finalizing the sale of this multifamily property in Bushwick.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

Carlyle Group

Greenbrook Partners

Buyer

$12.1M

vol

3 deals

Buyer

Patrick Callahan

Seller

$13.2M

vol

4 deals

Seller

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

7.15%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93