Glacier Equities Acquires Multifamily Property At 151 Kent Avenue Brooklyn For $30.5 Million
151 Kent Avenue
$30,500,000
$539/SF
Building Size
56,550 SF
Asset Type
MultiFamily
Closing
Sep 7, 2025
AI
The asset involved in this transaction is a multifamily property located at 151 Kent Avenue in Brooklyn. The transaction was completed at a sale price of $30,500,000, with a total square footage of 56,550, resulting in a price per square foot of $539.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,500,000
- Address: 151 Kent Avenue
- Market: Brooklyn
- Square Footage: 56,550
- Price per Square Foot: $539
- Buyer: Glacier Equities
- Broker Representatives: Ethan Stanton, Brendan Maddigan & Michael Mazzara - JLL
The brokerage firm JLL played a significant role in this transaction, with Ethan Stanton, Brendan Maddigan, and Michael Mazzara representing the buyer, Glacier Equities, throughout the deal process.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93