RXR Realty Acquires Mixed-Use Property In DUMBO For $220M

85 Jay Street, Brooklyn, New York 11201, United States

$220,000,000

$194/SF

Building Size

1,133,899 SF

Asset Type

Mixed-use

Closing

Jan 1, 2022

AI

A mixed-use property located at 85 Jay St. in DUMBO has been sold for $220,000,000. The property spans over 1,133,899 square feet and includes 320 units. The transaction took place in January 2022.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $220,000,000
Address: 85 Jay St.
Market: DUMBO
Buyer: @RXR_Realty
Seller: @CIMGroup & @LIVWRK
Square Footage: 1,133,899
Units: 320

The buyer of the property is @RXR_Realty, while the sellers are @CIMGroup and @LIVWRK. The deal involved key individuals including Michael Maturo, Scott Rechler, Shaul Kuba, and Asher Abhesera.

Players