Bentall Kennedy Acquires MultiFamily In Brooklyn For $154.25M
225 Schermerhorn St, Brooklyn, NY, 1...
$154,250,000
$675/SF
Building Size
228,246 SF
Asset Type
MultiFamily
Closing
Jun 13, 2022
AI
The property at 225 Schermerhorn St in Brooklyn, NY, is a MultiFamily asset with a total square footage of 228,246. The transaction took place on 06/13/2022 with a selling price of $154,250,000.00 in the Brooklyn market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $154,250,000.00
- Address: 225 Schermerhorn St, Brooklyn, NY
- Seller's Representative: Matthew Lawton(JLL), Paul Spellman(JLL)
- Buyer: Bentall Kennedy
Matthew Lawton and Paul Spellman from JLL represented the sellers in this transaction, while Bentall Kennedy acted as the buyer in the deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93