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181 Front Street

Rob Hinckley, Jeffrey Julien & Steven Rutman Of JLL Represent Sale Of Dumbo Multifamily For $85M
SOLDMultiFamily

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

Ethan Stanton

JLL

Broker

$6.2B

vol

136 deals

Broker

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