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80 Dekalb Avenue

Andrew B. Cohen And Jeffrey A. Goldberger Of Atlas Capital Purchase 80 Dekalb Avenue For $202.5M
SOLDMultiFamily

Andrew B. Cohen And Jeffrey A. Goldberger Of Atlas Capital Purchase 80 Dekalb Avenue For $202.5M

80 Dekalb Avenue

$202,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 11, 2024

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.

Players

Ethan Stanton

JLL

Broker

$6.2B

vol

136 deals

Broker

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