Kendrick Lamar Set To Acquire Pierhouse Penthouse In Brooklyn Heights
90 Furman St Brooklyn, Ny 11201, Usa
$8,990,000
Building Size
—
Asset Type
Condo
Closing
Aug 22, 2023
About this deal
AI
Rapper Kendrick Lamar is set to acquire a penthouse at Pierhouse in Brooklyn Bridge Park. The penthouse, located at 90 Furman St in Brooklyn Heights, is in contract for a sale. The property is a luxurious condo with an asking price of $8,990,000. This penthouse is being considered by Lamar as a pied-à-terre, after exploring other high-end condos in Brooklyn such as Quay Tower and Olympia.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,990,000
- Location: 90 Furman St, Brooklyn Heights
In this deal, Kendrick Lamar is represented by Jonathan R. Stein of Douglas Elliman. Stein is acting as Lamar's broker in this transaction. Lamar has been actively searching for a luxury condo in Brooklyn, and after evaluating various options, he has chosen Pierhouse as his potential new residence. The details of the deal were shared by Gimme Shelter, providing insights into Lamar's search for a penthouse in Brooklyn Bridge Park.
On the Map
$8,990,000
Condo
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Furman Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93