Updated Sep 30, 2025
KKR & Dalan Management Acquire Multifamily Property In Downtown Brooklyn From Brookfield For $190M
80 Dekalb Avenue, Brooklyn, New York 11201, United States
$190,000,000
$798/SF
Building Size
237,879 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
A multifamily property located at 80 DeKalb Ave. in Downtown Brooklyn has been sold for a reported price of $190,000,000. The property, consisting of 365 units, offers an average price per unit of $520,547. Spanning across 237,879 square feet, the property has a price per square foot of $798.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $190,000,000
- Address: 80 DeKalb Ave.
- Market: Downtown Brooklyn
- Units: 365
- Price per Unit: $520,547
- Square Footage: 237,879
- Price per Square Foot: $798
The buyer of the property is KKR & Dalan Management, while the seller is Brookfield. The transaction was facilitated by Jeffrey Julien, Rob Hinckley, Steve Rutman, and Patrick Madigan from JLL.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93