Updated May 21, 2025
HUBB NYC Acquires Property At 223 4th Ave Brooklyn For $40 Million With Dan O’Brien As Seller's Rep
223 4th Ave, Brooklyn, NY, 11215
$40,000,000
$828/SF
Building Size
48,256 SF
Asset Type
MultiFamily
Closing
Sep 22, 2022
About this deal
AI
The property asset involved in the transaction is located at 223 4th Ave, Brooklyn, NY, 11215. The transaction price for the property amounted to $40,000,000.00, encompassing a total square footage of 48,256 in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $40,000,000.00
- Address: 223 4th Ave, Brooklyn, NY, 11215
- Market: Brooklyn
- Seller's Representative: Dan O’Brien-Cushman & Wakefield
- Buyer: HUBB NYC
The key individuals involved in this transaction include Dan O’Brien, representing the seller through Cushman & Wakefield, and HUBB NYC, the buyer in this closed 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93