Goldman Sachs & Dermot Acquire Multifamily Property In Brooklyn Bridge Park For $90M
15 Bridge Park Dr.
$90,000,000
Units
90,000,000
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
This multifamily asset, located at 15 Bridge Park Dr. in the Brooklyn Bridge Park market, has been sold for a total consideration of $90,000,000. The property comprises 140 units, with a price per unit of $642,857. It encompasses a total square footage of 137,945, resulting in a price per square foot of $65.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $90,000,000
- Buyer: Goldman Sachs & Dermot
- Seller: RAL & Vanke
- Brokers: Adam Spies, Adam Doneger, Dan O'Brien & Avery Silverstein - Cushman & Wakefield
The deal was facilitated by brokers Adam Spies, Adam Doneger, Dan O'Brien, and Avery Silverstein from Cushman & Wakefield, who successfully represented the parties involved in this significant transaction within the multifamily sector.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93