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

Property Image
SOLD
$5,000,000
Michael (Mike) Fusco
Mark Zarrella
+ 3

New York

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MultiFamily16,512 SF
Sold 02/13/2026
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Property Image
SOLD

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

422 61st Street

See Similar Deals
MultiFamily16,512 SF
Sold 02/13/2026
Michael (Mike) Fusco
Mark Zarrella
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:16,512 SF
Transaction Type:Sale

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 (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Mark Zarrella
Marcus & Millichap
38 deals$262.2M volume(718) 475-4376
BROKER

Romain Sinclair
Greysteel
14 deals$33.2M volume
BROKER


Don Bichoupan
Baker Capital Group
11 deals$15.1M volume
BUYER

Details

SOLD
IMAGE: Mark Zarrella, Seth Glasser, Michael Fusco & Romain Sinclair DATE: 2/13/2026 ADDRESS: 422 61st Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Jordan Cohen & Don Bichoupan - Baker Capital Group BROKERS: Seth Glasser (@SethGlasser1), Michael (Mike) Fusco (@Mike_Fusco_NYM) & Mark Zarrella (@MarkZarrella) - Marcus & Millichap (@MarcusMillichapInc); Romain Sinclair (@RealEstateRomain) - Sinclair Realty Group (@SinclairRealtyGroup) SALE PRICE: $5,000,000 SF: 16,512 ~ PPSF: $302

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
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