Updated Oct 29, 2024
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
About this deal
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.
On the Map
$154,250,000
$675/SF
MultiFamily
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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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93