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87 Saratoga Avenue

Greenbrook & Carlyle Group Acquires Multifamily Property On Saratoga Avenue For $1.82M
SOLDMultiFamily

Greenbrook & Carlyle Group Acquires Multifamily Property On Saratoga Avenue For $1.82M

87 Saratoga Avenue

$1,820,000

$813/SF

Building Size

2,238 SF

Asset Type

MultiFamily

Closing

Mar 27, 2023

AI

The multifamily property located at 87 Saratoga Avenue in New York City has been sold in a transaction that closed on 03/27/2023. The property spans 2,238 square feet and was sold at a price of $1,820,000, resulting in a price per square foot of $813.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,820,000
  • Address: 87 Saratoga Avenue, New York City
  • Market: New York City

The buyer of the property is Greenbrook & Carlyle Group, while the seller is Natalia Harvey. Representing the transaction as the broker is David Chang from Compass.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

Natalia Harvey

Seller

$24.7M

vol

7 deals

Seller
Carlyle Group
Carlyle GroupLender

Market 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

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93