Updated Jan 10, 2025
Andrew B. Cohen And Jeffrey A. Goldberger Of Atlas Capital Purchase 80 Dekalb Avenue For $202.5M
80 Dekalb Avenue
$202,500,000
Units
365
Asset Type
MultiFamily
Closing
Oct 11, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 80 Dekalb Avenue in Brooklyn. The multifamily rental tower features a total of 365 units and was sold for $202,500,000, resulting in a price per unit of $554,795.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $202,500,000
- Address: 80 Dekalb Avenue
- Market: Brooklyn
- Units: 365
- Price Per Unit: $554,795
Andrew B. Cohen and Jeffrey A. Goldberger, representing Atlas Capital, are the buyers in this transaction. The sellers are Scott Nuttal and Ralph Rosenberg, representing KKR. This sale is noted as one of the significant transactions of the year in Brooklyn.
On the Map
$202,500,000
MultiFamily
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Players
Brooklyn 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93