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

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:

• Property Type: Multifamily
• Transaction Amount: $74,500,000
• Address: 1501 Voorhies Avenue
• Market: Sheepshead Bay
• Units: 180
• Price Per Unit: $413,888
• Buyer: Bonjour Capital
• Seller: AvalonBay Communities
• Brokers: Adam Spies, Adam Doneger, Daniel O'Brien, Michael Collins, Caroline Hodes & Henry Hill - Newmark

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.