facebook
Traded Co logo
Submit

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

Property Image
SOLD
$2,220,000
Natalia Harvey
+ 1

New York

See Similar Deals
MultiFamily1,872 SF
Sold 12/12/2023
the dealplayerscompscontact
Property Image
SOLD

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

722 Chauncey Street

See Similar Deals
MultiFamily1,872 SF
Sold 12/12/2023
Natalia Harvey
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,185
Total Square Footage:1,872 SF
Transaction Type:Sale

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
46 deals$211.7M volume(914) 420-1985
BROKER

Natalia Harvey
Compass
18 deals$63.2M volume(312) 918-3908
BROKER


4 deals$13.2M volume
SELLER

Details

SOLD
IMAGE: David Chang & Natalia Harvey DATE: 12/12/2023 ADDRESS: 722 Chauncey Street MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BUYER: Greenbrook Partners & Carlyle Group (@OneCarlyle) SELLER: Patrick Callahan BROKERS: David Chang (@DavidChangNY) & Natalia Harvey (@Nat_alia_NYC) - Compass (@Compass) SALE PRICE: $2,220,000 SF: 1,872 ~ PPSF: $1,186 UNITS: 3 ~ PPU: $740,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$118,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,887.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,523.93
Annual Debt Service$126,287.19