KKR Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $30.6M
75 Ralph Ave, Brooklyn, NY 11221, USA
$30,600,000
$70/SF
Building Size
437,070 SF
Asset Type
MultiFamily
Closing
Oct 8, 2020
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93