316 Bergen Street
Update
10/25/22
Boerum Hill Luxury Building Trades for $45.45M
An 8-story residential building, located at 316 Bergen Street in Boerum Hill, Brooklyn has just been sold for $45.45 million. Known simply as "The Bergen", the structure was acquired by The Dermot Company from the previous owner, Azora Exan, in a deal brokered by JLL.
Originally constructed in 2014, it contains luxury rental apartments. The ground floor also offers an enclosed public parking garage, with enough room for vehicles.
Tenant amenities include a fitness center, a Highline-inspired interior courtyard, a rec room, and a landscaped roof deck.
Designed by , The Bergen stands feet tall and totals square feet. In 2014, Azora Exan purchased the property straight from the developer, , for $52.2 million. This sale, therefore, represents a $6.75 million loss for the company, although 7 to 8 years of rental income likely makes up for it.
