Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.8M
SOLD
$3,800,000
New York
See Similar DealsMultiFamily1,960 SF
Sold 12/21/2023
SOLD
Greenbrook Partners & Carlyle Group Acquire Multifamily Property In Bushwick, Brooklyn For $3.8M
897 Knickerbocker Avenue
See Similar DealsMultiFamily1,960 SF
Sold 12/21/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,938
Total Square Footage:1,960 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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