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15 Bridge Park Dr.

Updated May 12, 2025

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.

Players

Goldman Sachs
Goldman SachsBuyer

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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