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151 Kent Avenue

Glacier Equities Acquires Multifamily Property At 151 Kent Avenue Brooklyn For $30.5 Million
SOLDMultiFamily

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:

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

Brendan Maddigan

JLL

Broker

$4.9B

vol

132 deals

Broker
JLL
JLLBrokerage

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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