Avanath Capital Acquires Multifamily Property In Downtown Brooklyn For $105M

The multifamily property located at 7 DeKalb Ave in Downtown Brooklyn has been sold in a closed transaction. The property consists of 251 units, with a total square footage of 178,346. The sale price for this transaction was $105,000,000, resulting in a price per unit of $418,327 and a price per square foot of $589.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $105,000,000
• Address: 7 DeKalb Ave
• Market: Downtown Brooklyn

The buyer of this property is Avanath Capital, represented by Daryl J. Carter. The seller is The Brodsky Organization, represented by Daniel Brodsky and Dean Amro. The brokers involved in this transaction are Brett Siegel and Evan Layne from Newmark.