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90 Furman Street

Kendrick Lamar Purchases $8.6M Triplex Penthouse In Brooklyn Bridge Park
SOLDCondo

Kendrick Lamar Purchases $8.6M Triplex Penthouse In Brooklyn Bridge Park

90 Furman Street

$8,600,000

$2,738/SF

Building Size

3,140 SF

Asset Type

Condo

Closing

Nov 6, 2023

AI

Rapper Kendrick Lamar has purchased a triplex penthouse at Brooklyn's Pierhouse for a price of $8.6 million. The condo, located at Brooklyn Bridge Park, offers a spacious 3,140 square feet of living space. With a price per square foot of $2,739, this luxury property provides an exquisite living experience.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $8,600,000
  • Square Footage: 3,140
  • Price Per Square Foot: $2,739
  • Market: Brooklyn Bridge Park

In this deal, Kendrick Lamar was represented by Rachel Glazer from Compass. The broker involved in the transaction was Jonathan R. Stein from Douglas Elliman. It is worth noting that other notable celebrities, such as Matt Damon and Amy Schumer, also own condos in the same area.

Players

Jonathan R. Stein

Brown Harris Stevens

Broker

$34.8M

vol

3 deals

Broker

Kendrick Lamar

Buyer

$33.4M

vol

3 deals

Buyer

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93