Updated Dec 9, 2025
Albert Rabil Of Kayne Anderson And Peter Westmeyer Of Remedy Medical Properties Acquire Medical Office From Shankh Mitra Of Welltower For $151.9M
4813 9th Avenue
$151,900,000
$734/SF
Building Size
206,714 SF
Asset Type
Medical Office
Closing
Nov 21, 2025
About this deal
AI
The medical office building located at 4813 9th Avenue, Borough Park, Brooklyn, spans 206,714 square feet and was sold for $151,900,000. The transaction involved Kayne Anderson and Remedy Medical Properties acquiring the asset from Welltower.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $151,900,000
- Square Footage: 206,714
- Price Per Square Foot: $735
- Buyer: Albert Rabil - Kayne Anderson
- Buyer: Peter Westmeyer - Remedy Medical Properties
- Seller: Shankh Mitra - Welltower
- Date of Transaction: 11/21/2025
Kayne Anderson and Remedy Medical Properties executed the acquisition through Mocha MP Holdco I Wrk7, LLC, as part of a larger $6 billion portfolio sale orchestrated by Welltower.
On the Map
$151,900,000
$734/SF
Medical Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93