facebook
Traded Co logo
Submit

Rick Gropper Acquires Multifamily Asset At 2864-2886 Atlantic Avenue In Brooklyn For $72M

Property Image
SOLD
$70,000,000
Scott Dweck
Ben Khakshoor
+ 3

New York

See Similar Deals
MultiFamily127,821 SF
Sold 05/20/2025
the dealplayerscompscontact
Property Image
SOLD

Rick Gropper Acquires Multifamily Asset At 2864-2886 Atlantic Avenue In Brooklyn For $72M

2864 2886 Atlantic Avenue

See Similar Deals
MultiFamily127,821 SF
Sold 05/20/2025
Scott Dweck
Ben Khakshoor
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:127,821 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 2864-2886 Atlantic Avenue in Brooklyn, featuring 180 units. The total sale price for the property was $72,000,000, with a price per unit of $400,000. The total square footage of the asset is 127,821, resulting in a price per square foot of $563.

Summary of transaction details:

The transaction highlights the involvement of key individuals, with Rick Gropper acting as the buyer and Jacob Kohn as the seller. The brokers facilitating the transaction include Scott Dweck representing Latitude Property Group, alongside Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
132 deals$1.9B volume(212) 359-9913
BROKER

Scott Dweck
Latitude Property Group
16 deals$291.5M volume
BROKER

Alex Fuchs
Rosewood Realty Group
100 deals$1.9B volume
BROKER

Rick Gropper
16 deals$716.7M volume
BUYER

Details

SOLD
IMAGE: Scott Dweck, Aaron Jungreis, Rick Gropper, Alex Fuchs & Ben Khakshoor DATE: 5/20/2025 ADDRESS: 2864-2886 Atlantic Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Rick Gropper SELLER: Jacob Kohn BROKERS: Scott Dweck - Latitude Property Group, Aaron Jungreis (@AaronJungreis), Alex Fuchs (@AlexFuchs1) & Ben Khakshoor (@BenKhak) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $72,000,000 UNITS: 180 ~ PPU: $400,000 SF: 127,821 ~ PPSF: $563

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,733,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55