Greenbrook Partners And Carlyle Group Acquire Multifamily Asset In Crown Heights For $1.15M
2305a Pacific Street
$1,150,000
$626/SF
Building Size
1,836 SF
Asset Type
MultiFamily
Closing
Jul 10, 2024
AI
The property asset involved in this transaction is a multifamily unit located at 2305a Pacific Street in the Crown Heights neighborhood of Brooklyn. The sale price was $1,150,000, consisting of 2 units with a price per unit (PPU) of $575,000. The total square footage of the property is 1,836, with a price per square foot (PPSF) of $626.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 2
- Price Per Unit: $575,000
- Square Footage: 1,836
- Price Per Square Foot: $626
- Buyer: Greenbrook Partners & Carlyle Group
- Seller: Albert Rossmeier
- Broker Representatives: David Chang & Natalia Harvey - Compass
- Seller's Representative: Mark Martov - The Corcoran Group
This transaction involved key players in the real estate industry, including the buyer Greenbrook Partners and Carlyle Group, who acquired the property, and seller Albert Rossmeier. The deal was facilitated by brokers David Chang and Natalia Harvey from Compass, while Mark Martov represented the seller from The Corcoran Group.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93