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.
On the Map
$190,000,000
$798/SF
MultiFamily
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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