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
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