Jordan Cohen And Don Bichoupan Of Baker Capital Group Acquire Multifamily Asset In Brooklyn For $5M
422 61st Street
$5,000,000
$302/SF
Building Size
16,512 SF
Asset Type
MultiFamily
Closing
Feb 12, 2026
AI
The transaction involves a multifamily property located at 422 61st Street, situated in the Brooklyn market. The sale was recorded at a price of $5,000,000, with a total square footage of 16,512, equating to a price per square foot of $302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Address: 422 61st Street
- Market: Brooklyn
- Square Footage: 16,512
- Price Per Square Foot: $302
- Buyer: Jordan Cohen & Don Bichoupan - Baker Capital Group
- Brokers: Seth Glasser, Michael (Mike) Fusco & Mark Zarrella - Marcus & Millichap; Romain Sinclair - Sinclair Realty Group
- Date of Transaction: 2/13/2026
The key individuals involved in this transaction are the buyers, Jordan Cohen and Don Bichoupan, representing Baker Capital Group. The brokerage team includes Seth Glasser, Michael (Mike) Fusco, and Mark Zarrella from Marcus & Millichap, as well as Romain Sinclair from Sinclair Realty Group, who facilitated the deal.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93