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222 Henry Street

Cohen Family Acquires Multifamily Asset From Ordway Family In Brooklyn For $6.5M
SOLDMultiFamily

Cohen Family Acquires Multifamily Asset From Ordway Family In Brooklyn For $6.5M

222 Henry Street

$6,500,000

$1,000/SF

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Nov 24, 2025

AI

The property asset involved in this transaction is a multifamily building located at 222 Henry Street in Brooklyn. It was sold for $6,500,000. The building comprises 5 units, offering a price per unit of $1,300,000. The total square footage of the property is 6,500, which equates to a price per square foot of $1,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Units: 5
  • Price Per Unit: $1,300,000
  • Square Footage: 6,500
  • Price Per Square Foot: $1,000
  • Buyer: Cohen Family
  • Seller: Ordway Family
  • Broker: Michael Sherman - Baseline Real Estate Advisors
  • Transaction Date: 11/25/2025

This transaction involved the Cohen Family as the buyers acquiring the multifamily property from the Ordway Family. The deal was facilitated by Michael Sherman from Baseline Real Estate Advisors, representing the broker in the transaction.

Players

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Baseline Real Estate Advisors
Baseline Real Estate Advisors Brokerage

Cohen Family

Buyer

$58M

vol

11 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93