Largest Multifamily Sale in Neighborhood in 2023 180 Bainbridge Street Bedford-Stuyvesant
<p>TerraCRG successfully brokered the $22.4 million sale of 180 Bainbridge Street, a 46-unit multifamily property in Brooklyn’s Bedford-Stuyvesant neighborhood, marking the largest multifamily transaction in the area by dollar volume in 2023. TerraCRG’s Matt Cosentino and Ofer Cohen marketed the 50,000-square-foot former school building as a rare investment opportunity with strong in-place income and significant upside potential, attracting institutional buyers Carlyle Group and Z+G Property Group. Originally built in 1922 as the Holy Rosary Catholic School, the property was acquired by Bushburg in 2011 and thoughtfully restored through a historic preservation and conversion into a luxury residential building, highlighting continued investor confidence in Brooklyn’s free-market multifamily sector despite broader market uncertainty.</p>
About this Property
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Residential Units
46
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Parking Spaces
23
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Total Gross SF
40,000
