Updated Nov 12, 2025
Rob Hinckley, Jeffrey Julien & Steven Rutman Of JLL Represent Sale Of Dumbo Multifamily For $85M
181 Front Street
$90,000,000
Units
105
Asset Type
MultiFamily
Closing
Nov 4, 2025
About this deal
AI
The property involved in the transaction is a Multifamily asset located at 181 Front Street in Dumbo, Brooklyn. The sale price for the property was $85,000,000, which translates to $809,524 per unit for its 105 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Units: 105
- Price per Unit: $809,524
- Date of Sale: 11/5/2025
- Market: Dumbo, Brooklyn
The brokers representing this transaction were Rob Hinckley, Jeffrey Julien, and Steven Rutman from JLL, facilitating the deal for the parties involved.
On the Map
$90,000,000
MultiFamily
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Players
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93