Bayrock Capital Acquires Student Housing In Boerum Hill For $13M

The student housing property located at 316 Atlantic Avenue in Boerum Hill has been sold for $13,000,000. The transaction took place on 08/06/2021. The property spans across 18,495 square feet, resulting in a price per square foot of $702. The previous sale of the property occurred in December 2008, with a sale price of $5,000,000.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $13,000,000
• Address: 316 Atlantic Avenue
• Market: Boerum Hill
• Asset Type: Student Housing
• Zoning: R6A, C2-4, DB

The buyer, Bayrock Capital represented by Daniel Rabinowitz and Marc Glassman, acquired the property from ASA College, represented by Alex Shchegol.