Purpose Built Safe-Haven Shelter Sold For $28 Million In Brooklyn With JLL Brokers
SOLD
$28,000,000
+ 1
New York
See Similar DealsMultiFamily33,882 SF
Sold 09/01/2025
SOLD
Purpose Built Safe-Haven Shelter Sold For $28 Million In Brooklyn With JLL Brokers
83 Apollo Street
See Similar DealsMultiFamily33,882 SF
Sold 09/01/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$826
Total Square Footage:33,882 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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