Peter Hungerford David Kaye Joe Listhaus Acquire Brooklyn Multifamily Portfolio From Sentinel Real Estate For $180M

The multifamily property involved in this transaction includes eight addresses: 200 Brighton 15th Street, 165 East 19th Street, 287 East 18th Street, 1803 Beverley Road, 120 East 19th Street, 146 East 19th Street, 4101 Broadway, and 4113 Broadway. The total sale price was $180,000,000 with 1,326 units and a total square footage of 1,295,000, resulting in a price per unit of $135,746 and a price per square foot of $138 in the Brooklyn market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $180,000,000
• Units: 1,326
• Square Footage: 1,295,000
• Price Per Unit: $135,746
• Price Per Square Foot: $138
• Buyer: Peter Hungerford, David Kaye & Joe Listhaus
• Seller: Sentinel Real Estate
• Date of Transaction: 09/20/2024
• Market: Brooklyn

The buyers, Peter Hungerford, David Kaye, and Joe Listhaus, are representatives of Longacre Holdings, which is focused on acquiring value-add multifamily properties across the country. They expressed a commitment to long-term housing investments, emphasizing their intent to remain active in the market throughout the current economic cycle. In addition, they encouraged outreach for any available deals from potential sellers.