Joshua Yaghoubzadeh Of Bolt Equities Acquires Multifamily Asset From Colette Johnson For $1.25M
409 Bainbridge Street
$1,250,000
$480/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
Apr 30, 2025
AI
The property asset involved in the transaction is a multifamily building located at 409 Bainbridge Street in Brooklyn. It has a total of 2 units, covers a square footage of 2,600, and was sold for a total price of $1,250,000, resulting in a price per unit of $625,000 and a price per square foot of $480.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price Per Unit: $625,000
- Square Footage: 2,600
- Price Per Square Foot: $480
- Buyer: Joshua Yaghoubzadeh - Bolt Equities
- Seller: Colette Johnson
- Date of Transaction: 5/1/2025
- Market: Brooklyn
Joshua Yaghoubzadeh represents Bolt Equities, a company that is actively seeking to purchase townhomes and brownstones across central and northern Brooklyn. Interested parties can reach out to him at [email protected].
Players
Brooklyn 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93