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
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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