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Jay Greenberg & David Cohen Of Z&G Property Group Acquire MultiFamily Property In Brooklyn For $22.4M

Property Image
SOLD
$22,437,500
Remi Norris
Ofer Cohen
+ 3

New York

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MultiFamily
Sold 10/10/2023
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Property Image
SOLD

Jay Greenberg & David Cohen Of Z&G Property Group Acquire MultiFamily Property In Brooklyn For $22.4M

180 Bainbridge Street

See Similar Deals
MultiFamily
Sold 10/10/2023
Remi Norris
Ofer Cohen
+ 3
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The multi-family property located at 180 Bainbridge Street in Brooklyn has been sold in a recent transaction. The property, consisting of 46 units, was sold by Bushburg Properties to the buyer, Z&G Property Group, represented by Jay Greenberg and David Cohen. The sale price for the property was $22,437,500, with a per unit price of $487,772. The total square footage of the property is 40,084, resulting in a price per square foot of $560.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $22,437,500
  • Units: 46
  • Price Per Unit: $487,772
  • Square Footage: 40,084
  • Price Per Square Foot: $560

Ofer Cohen, Matthew (Matt) Cosentino, Daniel (Dan) Lebor, and Remi Norris of Terra CRG served as the brokers for the transaction. They facilitated the deal between the buyer and the seller, ensuring a successful transfer of ownership.

Players

Daniel (Dan) Lebor
50 deals$986.7M volume
BROKER

Ofer Cohen
Terra CRG
25 deals$606.2M volume
BROKER

Matthew (Matt) Cosentino
Terra CRG
81 deals$319M volume
BROKER

Remi Norris
Terra CRG
45 deals$138.4M volume(646) 427-2290
BROKER

Jay Greenberg
Z+G Property Group
7 deals$76M volume
BUYER

David Cohen
21 deals$369.2M volume
BUYER

SELLER

Details

SOLD
IMAGE: Ofer Cohen, Matthew (Matt) Cosentino, Daniel (Dan) Lebor & Remi Norris DATE: 10/10/2023 ADDRESS: 180 Bainbridge Street MARKET: Brooklyn ASSET TYPE: MultiFamily BUYER: Jay Greenberg & David Cohen - Z&G Property Group SELLER: Bushburg Properties BROKERS: Ofer Cohen, Matthew (Matt) Cosentino, Daniel (Dan) Lebor (@DanielLebor) & Remi Norris (@RemiCRE) - Terra CRG (@TerraCRG) SALE PRICE: $22,437,500 UNITS: 46 ~ PPU: $487,772 SF: 40,084 ~ PPSF: $560

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$79,715.71
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