Avanath Capital Acquires Multifamily Property In Downtown Brooklyn For $105M
SOLD
$105,000,000
New York
See Similar DealsMultiFamily178 SF
Sold 01/12/2022
SOLD
Avanath Capital Acquires Multifamily Property In Downtown Brooklyn For $105M
7 Dekalb Avenue, Brooklyn, New York 11201, United States
See Similar DealsMultiFamily178 SF
Sold 01/12/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$589,887
Total Square Footage:178 SF
Transaction Type:Sale
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.
Players
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,599,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$373,042.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$497,753.57
Annual Debt Service$5,973,042.82
Is there something missing? Send suggestions