SOLD
Don Bichoupan & Jordan Cohen Of Baker Capital Group Acquires Multifamily Building In Brooklyn For $5M
Building Size
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Asset Type
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Closing
Jul 1, 2026
AI
The transaction involves a multifamily asset consisting of a four-story walk-up building located at 422 61st Street in Brooklyn. The sale price of the property was $5,000,000, encompassing a total of 17 residential units. The square footage is 16,512, translating to a price per unit of $294,117 and a price per square foot of $302. The property has a cap rate of 8.0%.
Summary of transaction details:
- Property Type: Multifamily (4 Story Walk Up Building)
- Transaction Amount: $5,000,000
- Units: 17
- Price Per Unit: $294,117
- Square Footage: 16,512
- Price Per Square Foot: $302
- Cap Rate: 8.0%
Don Bichoupan and Jordan Cohen represented Baker Capital Group LLC as the buyers in this transaction. They are actively seeking free market multifamily opportunities in NYC and Westchester, encouraging anyone with deals to reach out to them directly via their provided contact information.
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