Cycamore.Co Acquires Multifamily Property In Bed-Stuy, Brooklyn For $2.2M

A multifamily property located at 235 Bainbridge Street in Bed-Stuy, Brooklyn, was recently sold for a price of $2,225,000. The property spans over 6,300 square feet, with a price per square foot of $353. It consists of 4 units, making the price per unit $556,250. The transaction took place on 08/19/2020. The asset is zoned as R6B and sits on a lot measuring 20.5 feet by 100 feet. The previous sale of the property occurred on 8/28/2006, with a sale price of $942,450 ($149 per square foot). The property falls under tax class 2A. The sale was an off-market transaction, and the building was delivered fully vacant. The deal was closed during the height of the Covid-19 pandemic.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,225,000
• Square Footage: 6,300
• Price per Square Foot: $353
• Address: 235 Bainbridge Street
• Market: Bed-Stuy, Brooklyn

The buyer of the property is @Cycamore.Co, represented by Johnny Din and Erik Dremel. They purchased the property from seller Emmanuel Tropnasse. The brokers involved in the transaction were Fred Bijou, Matt Cosentino, and Eddie Laboz from TerraCRG. For more deals in Brooklyn, interested parties can contact Fred Bijou directly via email at [email protected] or by phone at 917-626-8413.