Purpose Built Safe-Haven Shelter Sold For $28 Million In Brooklyn With JLL Brokers
83 Apollo Street
$28,000,000
$826/SF
Building Size
33,882 SF
Asset Type
MultiFamily
Closing
Aug 31, 2025
AI
The asset involved in this transaction is a purpose-built safe-haven shelter located at 83 Apollo Street in Brooklyn. The property was sold for a total transaction amount of $28,000,000, encompassing a square footage of 33,882, which translates to a price per square foot of $826.
Summary of transaction details:
- Property Type: Purpose Built Safe-Haven Shelter
- Transaction Amount: $28,000,000
- Address: 83 Apollo Street
- Market: Brooklyn
- Square Footage: 33,882
- Price Per Square Foot: $826
The brokers representing this transaction were Jonathan Hageman, Ethan Stanton, Brendan Maddigan, and Michael Mazzara, all affiliated with JLL.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93