Updated Sep 30, 2025
Brookfield Asset Management Acquires Senior Housing In Sheepshead Bay For $35.9M
2211 Emmons Avenue, Sheepshead Bay, Brooklyn, NY, USA
$35,962,140
$366/SF
Building Size
98,250 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
An undisclosed senior housing property located at 2211 Emmons Avenue in Sheepshead Bay has been sold in a recent transaction. The property comprises of 104 units, with a total area of 98,369 square feet. The sale took place on June 18, 2021, with the property being acquired by Brookfield Asset Management from Healthpeak Properties. The transaction amount was $35,962,140, resulting in a price per square foot of $365.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $35,962,140
- Address: 2211 Emmons Avenue
- Market: Sheepshead Bay
- Units: 104
The acquisition was executed by Brookfield Asset Management, a prominent player in the real estate industry. Healthpeak Properties served as the seller in this transaction. Thomas M. Herzog and Bruce Flatt were notable individuals involved in this deal.
Players
Brooklyn 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93