The Berger Family Sells Mixed-Use Property At 69 9th Street In Gowanus For $37.5M
69 9th Street
$37,500,000
$329/SF
Building Size
113,817 SF
Asset Type
Mixed-use
Closing
Mar 13, 2026
About this deal
AI
A mixed-use property located at 69 9th Street in the Gowanus market was sold for $37,500,000. The asset has a total area of 113,817 square feet, equating to a price per square foot of $329.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $37,500,000
- Address: 69 9th Street
- Market: Gowanus
- Square Footage: 113,817
- Price per Square Foot: $329
- Seller: The Berger Family
- Brokers: Daniel O'Brien, Ronald Solarz, Loren Valla, Caroline Hodes & Henry Hill - Newmark
The deal involved multiple brokers from Newmark, specifically Daniel O'Brien, Ronald Solarz, Loren Valla, Caroline Hodes, and Henry Hill, who played significant roles in facilitating the transaction for the seller, The Berger Family.
On the Map
$37,500,000
$329/SF
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93