Updated Sep 16, 2026
The Mann Group Purchases 130 Hope Street MultiFamily In Brooklyn For $122.5M From Clipper Equity
130 Hope Street
$122,500,000
$833/SF
Building Size
147,053 SF
Asset Type
MultiFamily
Closing
Sep 3, 2026
About this deal
AI
The multi-family property located at 130 Hope Street in Brooklyn has been sold for $122,500,000. The asset encompasses 144 units, with a price per unit of $850,694 and a total square footage of 147,053, resulting in a price per square foot of $833.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $122,500,000
- Units: 144
- Price per Unit: $850,694
- Square Footage: 147,053
- Price per Square Foot: $833
- Buyer: The Mann Group
- Seller: Clipper Equity
- Brokers: Alex Fuchs, Ben Khakshoor & Aaron Jungreis - Rosewood Realty Group
The transaction involved The Mann Group as the buyer and Clipper Equity as the seller, facilitated by brokers Alex Fuchs, Ben Khakshoor, and Aaron Jungreis of Rosewood Realty Group.
Players
Brooklyn 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93