JJ Redick Sells Dumbo Condo For $5.95 Million With Brokers Rachel Greenstein Suzanne Koxvold And Toni Nicolo
51 Jay Street
$5,950,000
Building Size
—
Asset Type
Condo
Closing
Jan 20, 2026
About this deal
AI
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.
On the Map
$5,950,000
Condo
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Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93