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Greenbrook Partners And Carlyle Group Acquire Multifamily Asset In Crown Heights For $1.15M

Property Image
SOLD
$1,150,000

New York

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MultiFamily1,836 SF
Sold 07/10/2024
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Property Image
SOLD

Greenbrook Partners And Carlyle Group Acquire Multifamily Asset In Crown Heights For $1.15M

2305a Pacific Street

See Similar Deals
MultiFamily1,836 SF
Sold 07/10/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$626
Total Square Footage:1,836 SF
Transaction Type:Sale

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:

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

Mark Martov
10 deals$39.3M volume
BROKER

David Chang
Compass
46 deals$211.7M volume(914) 420-1985
BROKER

Natalia Harvey
Compass
18 deals$63.2M volume(312) 918-3908
BROKER

Details

SOLD
IMAGE: Natalia Harvey, David Chang & Mark Martov DATE: 07/10/2024 ADDRESS: 2305a Pacific Street MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Greenbrook Partners & Carlyle Group (@OneCarlyle) SELLER: Albert Rossmeier BROKERS: David Chang (@DavidChangNY) & Natalia Harvey (@Nat_alia_NYC) - Compass (@Compass) SELLER'S REP: Mark Martov (@Marks_tagram) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $1,150,000 UNITS: 2 ~ PPU: $575,000 SF: 1,836 ~ PPSF: $626

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
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