Carlyle Group Acquires Multifamily Property In Park Slope, Brooklyn For $12.7M
812 8th Avenue Brooklyn, New York 11215, USA
$12,733,706
$1,209/SF
Building Size
10,532 SF
Asset Type
MultiFamily
Closing
May 25, 2023
AI
The Carlyle Group, represented by Carter Martin, has acquired a multifamily property located at 812 8th Avenue in Park Slope, Brooklyn. The 16-unit residential walkup building was purchased from Greenbrook Partners, represented by Gregory Fournier, for a sale price of $12,733,706. The property offers 10,532 square feet of built space and 753 square feet of additional air rights, with a total buildable area of 11,295 square feet. The transaction resulted in a price per unit of $795,856 and a price per square foot of $1,209.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,733,706
- Units: 16
- PPU: $795,856
- BSF: 11,295
- PPBSF: $1,127
- SF: 10,532
- PPSF: $1,209
The Carlyle Group, led by Carter Martin, successfully completed the acquisition of the 16-unit residential walkup building located at 812 8th Avenue in Park Slope, Brooklyn. Greenbrook Partners, represented by Gregory Fournier, acted as the seller in this transaction. With a sale price of $12,733,706, the property offers a total buildable area of 11,295 square feet, including 753 square feet of additional air rights. This acquisition further expands Carlyle Group's multifamily portfolio in the Park Slope market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93