Cale Bonderman Acquires Mixed-Use Property At 32 Richardson Street Brooklyn For $3.7M
32 Richardson Street
$3,700,000
$951/SF
Building Size
3,887 SF
Asset Type
MultiFamily
Closing
Apr 27, 2026
AI
The asset involved in this transaction is a mixed-use property located at 32 Richardson Street in Brooklyn. The sale was completed for a price of $3,700,000, encompassing a total area of 3,887 square feet, which equates to a price per square foot of $951.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $3,700,000
- Address: 32 Richardson Street
- Market: Brooklyn
- Square Footage: 3,887
- Price Per Square Foot: $951
- Buyer: Cale Bonderman
- Broker Representatives: Brandon Polakoff, Joseph (Joe) Moran, and Miles Davis-Bosch - Avison Young
Key individuals involved in the transaction include the buyer, Cale Bonderman, and the brokerage team from Avison Young, consisting of Brandon Polakoff, Joseph (Joe) Moran, and Miles Davis-Bosch, who represented the transaction.
Players
Brooklyn 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93