Rob Hinckley, Jeffrey Julien & Steven Rutman Of JLL Represent Sale Of Dumbo Multifamily For $85M
181 Front Street
$90,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 4, 2025
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.
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