The Garden Group Acquires Multifamily Properties In Brooklyn For $4.35M With Buyer's Rep Marcel Fridman & Seller's Rep Ian Mednick & Scott Klein - Compass
SOLD
$4,350,000
New York
See Similar DealsMultiFamily9,210 SF
Sold 12/23/2020
SOLD
The Garden Group Acquires Multifamily Properties In Brooklyn For $4.35M With Buyer's Rep Marcel Fridman & Seller's Rep Ian Mednick & Scott Klein - Compass
60 Hawthorne St, Brooklyn, NY, USA
See Similar DealsMultiFamily9,210 SF
Sold 12/23/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:9,210 SF
Transaction Type:Sale
The Garden Group, represented by Mendy Fleischman, purchased three vacant multifamily buildings located at 60, 62, and 64 Hawthorne St. in Brooklyn. The properties, with a total of 24 units, were sold by Jason Bijur. The transaction was facilitated by Marcel Fridman from the Barcel Group, who represented the buyer, and Ian Mednick and Scott Klein from Compass, who represented the seller. The sale price for the buildings was $4,350,000, resulting in a price per square foot of $472 and a per unit price of $181,250. The total square footage of the buildings is 9,210.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 60, 62, 64 Hawthorne St., Brooklyn
- Market: Brooklyn
- Units: 24
- Square Footage: 9,210
- Price Per Square Foot: $472
- Price Per Unit: $181,250
- Buyer: The Garden Group
- Seller: Jason Bijur
- Buyer's Representative: Marcel Fridman - Barcel Group
- Seller's Representatives: Ian Mednick & Scott Klein - Compass
The transaction involved the acquisition of 24 vacant units within the three buildings.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
Is there something missing? Send suggestions