Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,800,000
$1,938/SF
MultiFamily
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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