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2305a Pacific Street

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

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:

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

The Corcoran Group

Broker

$39.3M

vol

10 deals

Broker

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