Rob Hinckley, Jeffrey Julien & Steven Rutman Of JLL Represent Sale Of Dumbo Multifamily For $85M
SOLD
$90,000,000
+ 1
New York
See Similar DealsMultiFamily
Sold 11/05/2025
SOLD
Rob Hinckley, Jeffrey Julien & Steven Rutman Of JLL Represent Sale Of Dumbo Multifamily For $85M
181 Front Street
See Similar DealsMultiFamily
Sold 11/05/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,800,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$319,750.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$426,645.92
Annual Debt Service$5,119,750.99
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