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KKR & Dalan Management Acquire Multifamily Property In Downtown Brooklyn From Brookfield For $190M

Property Image
SOLD
$190,000,000
Patrick Madigan
Jeffrey (Jeff) Julien
Steven Rutman
+ 1

New York

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MultiFamily237,879 SF
Sold 07/08/2022
the dealplayerscompscontact
Property Image
SOLD

KKR & Dalan Management Acquire Multifamily Property In Downtown Brooklyn From Brookfield For $190M

80 Dekalb Avenue, Brooklyn, New York 11201, United States

See Similar Deals
MultiFamily237,879 SF
Sold 07/08/2022
Patrick Madigan
Jeffrey (Jeff) Julien
Steven Rutman
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$798
Total Square Footage:237,879 SF
Transaction Type:Sale

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

Jeffrey (Jeff) Julien
JLL
Jeffrey Julien
58 deals$9B volume
BROKER
Rob Hinckley
JLL
Rob Hinckley
81 deals$11.6B volume
BROKER
Steven Rutman
JLL
Steven Rutman
66 deals$8.8B volume
BROKER
Patrick Madigan
Avison Young
Patrick Madigan
23 deals$519.2M volume
BROKER
Brookfield Properties
Brookfield Properties
BROKERAGE
KKR
KKR
BUYER
Dalan Management
Dalan Management
BUYER
KKR
KKR
LENDER

Details

SOLD
IMAGE: Jeffrey Julien, Rob Hinckley, Steve Rutman & Patrick Madigan DATE: 07/08/2022 ADDRESS: 80 DeKalb Ave. MARKET: Downtown Brooklyn ASSET TYPE: Multifamily BUYER: KKR & Dalan Management SELLER: Brookfield BROKERS: Jeffrey Julien, Rob Hinckley, Steve Rutman & Patrick Madigan - JLL (@JLL) SALE PRICE: $190,000,000 UNITS: 365 ~ PPU: $520,547 SF: 237,879 ~ PPSF: $798

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