Updated Dec 4, 2024
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn
897 Knickerbocker Avenue
$3,800,000
$1,938/SF
Building Size
1,960 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
About this deal
AI
The multifamily property located at 897 Knickerbocker Avenue in Bushwick, Brooklyn has been sold for a price of $3,800,000. The property consists of 6 units and spans a total of 1,960 square feet. The sale price per square foot was $1,939, and the price per unit was $633,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 897 Knickerbocker Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
The buyer of the property was Greenbrook Partners & Carlyle Group, while the seller was Albert Rossmeier. The deal was facilitated by David Chang & Natalia Harvey from Compass.
Note: No additional information is available about the property transaction.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93