facebook
Traded Co logo
Submit
Daily limit: 0/10

Albert Rabil Of Kayne Anderson And Peter Westmeyer Of Remedy Medical Properties Acquire Medical Office From Shankh Mitra Of Welltower For $151.9M

Property Image
SOLD
$151,900,000

New York

See Similar Deals
Medical Office206,714 SF
Sold 11/21/2025
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Medical Office206,714 SF
Sold 11/21/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Medical Office
Price Per Square Foot:$734
Total Square Footage:206,714 SF
Transaction Type:Sale

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.

Players

Remedy Medical Properties
Remedy Medical Properties
BUYER
Kayne Anderson
Kayne Anderson
BUYER
Kayne Anderson
Kayne Anderson
BUYER
SM
Welltower
Shankh Mitra
16 deals$2.3B volume
SELLER

Details

SOLD
IMAGE: Albert Rabil, Peter Westmeyer & Shankh Mitra DATE: 11/21/2025 ADDRESS: 4813 9th Avenue MARKET: Borough Park, Brooklyn ASSET TYPE: Medical Office BUYER: Albert Rabil - Kayne Anderson & Peter Westmeyer - Remedy Medical Properties SELLER: Shankh Mitra - Welltower SALE PRICE: $151,900,000 SF: 206,714 ~ PPSF: $735 NOTE: Kayne Anderson and Remedy Medical Properties, via Mocha MP Holdco I Wrk7, LLC, acquired the 206,714-square-foot medical building at 4813 9th Avenue, Brooklyn, from Welltower for $151.9 million, part of a $6 billion portfolio sale.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,101,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$539,668.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$720,083.50
Annual Debt Service$8,641,001.95