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JJ Redick Sells Dumbo Condo For $5.95 Million With Brokers Rachel Greenstein Suzanne Koxvold And Toni Nicolo
SOLD
$5,950,000
New York
See Similar DealsCondo
Sold 01/20/2026
SOLD
JJ Redick Sells Dumbo Condo For $5.95 Million With Brokers Rachel Greenstein Suzanne Koxvold And Toni Nicolo
51 Jay Street
See Similar DealsCondo
Sold 01/20/2026
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
The condo located at 51 Jay Street in Brooklyn was sold by JJ Redick, with the transaction closing at a price of $5,950,000. The property had been listed since 2021 and underwent multiple price cuts before finally being sold.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,950,000
- Seller: JJ Redick
- Brokers: Rachel Greenstein, Suzanne Koxvold & Toni Nicolo - Compass
- Market: Brooklyn
This transaction represents the highest sale in Brooklyn for the week it closed, highlighting the efforts of the brokerage team led by Rachel Greenstein, Suzanne Koxvold, and Toni Nicolo in facilitating the sale.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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