Updated Dec 4, 2024
Nager Family Acquires Bainbridge St. Multifamily In Brooklyn For $11.75M
242 Bainbridge St, Brooklyn, NY, USA
$11,750,000
$791/SF
Building Size
14,848 SF
Asset Type
MultiFamily
Closing
Feb 1, 2021
About this deal
AI
A multifamily property located at 242, 244, 246, 248 Bainbridge St. in Brooklyn has been sold for $11,750,000. The property consists of 32 units and has a zoning designation of R6B. The transaction took place on February 2, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,750,000
- Address: 242, 244, 246, 248 Bainbridge St.
- Market: Brooklyn
- Zoning: R6B
- Units: 32
- Price per Unit: $367,187
The buyer of the property is the Nager Family, while the seller is Witnick Partners. The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC.
Additional information and details about the transaction are not available.
Players
New York 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93