KKR Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $30.6M
SOLD
$30,600,000
New York
See Similar DealsMultiFamily437,070 SF
Sold 10/09/2020
SOLD
KKR Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $30.6M
75 Ralph Ave, Brooklyn, NY 11221, USA
See Similar DealsMultiFamily437,070 SF
Sold 10/09/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$70
Total Square Footage:437,070 SF
Transaction Type:Sale
The multifamily property located at 75 Ralph Avenue in Bedford-Stuyvesant, Brooklyn has been sold in a recent transaction. The property, built in 2016, spans a total of 43,707 square feet and is zoned as R6A and C2-4. The market surrounding the property is Bedford-Stuyvesant, Brooklyn.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,600,000
- Address: 75 Ralph Avenue, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
- Zoning: R6A, C2-4
- Year Built: 2016
The buyer of the property is KKR, represented by Henry Kravis and Daniel Rudin. Joseph Brunner served as the seller in this transaction.
- Square Footage: 43,707
- Price per Square Foot: $700
- Number of Units: 57
- Price per Unit: $536,000
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)
$1,632,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,715.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,059.61
Annual Debt Service$1,740,715.34
Is there something missing? Send suggestions