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1501 Voorhies Avenue

Updated Oct 7, 2025

Bonjour Capital Acquires Multifamily Asset From AvalonBay Communities For $74.5M In Sheepshead Bay
SOLDMultiFamily

Bonjour Capital Acquires Multifamily Asset From AvalonBay Communities For $74.5M In Sheepshead Bay

1501 Voorhies Avenue

$74,500,000

$382/SF

Building Size

194,881 SF

Asset Type

MultiFamily

Closing

Sep 29, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 1501 Voorhies Avenue in Sheepshead Bay. The transaction was completed with a sale price of $74,500,000, encompassing a total of 180 units, which results in a per unit price of $413,888.

Summary of transaction details:

This transaction features key individuals from Newmark, who facilitated the deal. The brokerage team includes Adam Spies, Adam Doneger, Daniel O'Brien, Michael Collins, Caroline Hodes, and Henry Hill, representing both the buyer and seller throughout the process.

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$74,500,000

$382/SF

MultiFamily

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Players

Adam Doneger

Newmark

Broker

$52.3B

vol

197 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$74.2B

vol

273 deals

Broker
BC
Bonjour CapitalBuyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $382 per square foot on a published $74.5M for 194,881 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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