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422 61st Street

Jordan Cohen And Don Bichoupan Of Baker Capital Group Acquire Multifamily Asset In Brooklyn For $5M
SOLDMultiFamily

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:

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

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

Jordan Cohen

Baker Capital Group

Buyer

$13.7M

vol

8 deals

Buyer

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93