Don Bichoupan And Jordan Cohen Of Baker Capital Group Acquire Multifamily Building In Highbridge For $2.65M
Building Size
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Asset Type
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Closing
Sep 3, 2025
AI
The property asset involved in this transaction is a multifamily building located at 906 Summit Ave in the Highbridge market. The sale price for the asset was $2,650,000, comprising 16 units with a price per unit of $165,625. The total square footage of the property is 14,175, resulting in a price per square foot of $187.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 16
- Price per Unit: $165,625
- Square Footage: 14,175
- Price per Square Foot: $187
- Buyer: Don Bichoupan & Jordan Cohen - Baker Capital Group LLC
Don Bichoupan and Jordan Cohen represent Baker Capital Group LLC, the buyer in this transaction. They are actively seeking free market multifamily opportunities across NYC and Westchester, as indicated in their note to potential sellers.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93