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897 Knickerbocker Avenue

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.8M
SOLDMultiFamily

Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.8M

897 Knickerbocker Avenue

$3,800,000

$1,938/SF

Building Size

1,960 SF

Asset Type

MultiFamily

Closing

Dec 21, 2023

AI

The multifamily property located at 897 Knickerbocker Avenue in Bushwick, Brooklyn has been sold for a total price of $3,800,000. The property spans a total area of 1,960 square feet, resulting in a price per square foot of $1,939. The transaction took place on 12/21/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Address: 897 Knickerbocker Avenue, Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn

The buyers for this transaction were Greenbrook Partners and Carlyle Group, while the seller was Patrick Callahan. The deal was facilitated by David Chang and Natalia Harvey from Compass brokerage.

Players

David Chang

Compass

Broker

$211.7M

vol

46 deals

Broker

Carlyle Group

Greenbrook Partners

Buyer

$12.1M

vol

3 deals

Buyer

Patrick Callahan

Seller

$13.2M

vol

4 deals

Seller

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