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231 Bainbridge Street, Broo...

Updated Oct 29, 2024

Gideon Asset Management Acquires Multifamily Property In Brooklyn For $2.25M
SOLDMultiFamily

Gideon Asset Management Acquires Multifamily Property In Brooklyn For $2.25M

231 Bainbridge Street, Brooklyn, NY, USA

$2,250,000

$365/SF

Building Size

6,160 SF

Asset Type

MultiFamily

Closing

Dec 17, 2018

About this deal

AI

Located at 231 Bainbridge Street in Brooklyn, this multifamily property was recently sold. The property spans 6,160 square feet, with a price per square foot of $365. The transaction closed on December 18, 2018, with a final sale price of $2,250,000. The property was delivered vacant, offering a blank canvas for the new owner.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000

Marlene Marshalleck was the seller in this transaction. On the buyer's side, Gideon Asset Management, represented by Josef Chehebar and Gabriel Shehebar, acquired the property. The deal was facilitated by brokers Shaun Riney and Dan Greenblatt from Marcus & Millichap.

On the Map

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$2,250,000

$365/SF

MultiFamily

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Players

Daniel Greenblatt

Marcus & Millichap

Broker

$273.9M

vol

73 deals

Broker
Shaun Riney
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Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

383 deals

Broker

Josef Chehebar

Gideon Asset Management

Buyer

$27.9M

vol

4 deals

Buyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $365 per square foot on a published $2.3M for 6,160 square feet (2018).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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