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409 Bainbridge Street

Joshua Yaghoubzadeh Of Bolt Equities Acquires Multifamily Asset From Colette Johnson For $1.25M
SOLDMultiFamily

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

BE
Bolt EquitiesBuyer

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