Dermot Company Acquires Multifamily Property In Brooklyn For $142.35M

The multifamily property located at 225 Schermerhorn Street in Brooklyn was recently sold in a transaction valued at $142,350,000. The property consists of 271 units, with a price per unit of $525,276. The total square footage of the property is 200,493, resulting in a price per square foot of $709.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $142,350,000
• Address: 225 Schermerhorn Street
• Market: Brooklyn

The buyer in this transaction was Dermot Company, while the seller was BentallGreenOak. The deal was facilitated by brokers Jeffrey Julien, Rob Hinckley, Steven Rutman, and Jonathan Faxon from JLL.