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
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