Updated Oct 14, 2026
SOLDMultiFamily
Dermot Company Acquires Multifamily Asset In Boerum Hill For $45.45M
316 Bergen Street
$45,450,000
$830/SF
Building Size
54,697 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
About this deal
AI
The multifamily property located at 316 Bergen Street in the Boerum Hill market has been sold for a total price of $45,450,000. The property consists of 84 units, with an average price per unit of $541,071. The total square footage of the property is 54,697, with a price per square foot of $831.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,450,000
- Address: 316 Bergen Street
- Market: Boerum Hill
- Units: 84
- Price per Unit: $541,071
- Square Footage: 54,697
- Price per Square Foot: $831
Dermot Company has acquired the property from Allegra. The deal was facilitated by the brokers Jeff Julien, Rob Hinckley, Steven Rutman, and Chris Peck from JLL.
On the Map
$45,450,000
$830/SF
MultiFamily
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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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93