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15 Bridge Park Dr.

Updated Sep 11, 2026

SOLD

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.

On the Map

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$90,000,000

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Players

Dermot

Goldman Sachs

Buyer

$602.8M

vol

9 deals

Buyer
V
VankeSeller
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New York 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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