Updated Nov 17, 2023
Graph Group And Whalley Capital Group Acquire All Year Portfolio Multifamily In Brooklyn, NY For $435M
Brooklyn, New York, United States
$435,000,000
$511,764/SF
Building Size
850 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
All Year Portfolio, a multifamily property located in Brooklyn, NY, has been sold for a staggering price of $435,000,000. The transaction took place on March 31, 2023, and the property offers a total of 992 units with an average price per unit of $438,508. Spanning over 850,000 square feet, the property commands a price per square foot of $512.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $435,000,000
- Address: All Year Portfolio, Brooklyn, NY
- Market: Brooklyn, NY
- Buyer: Graph Group - Avi Philipson & Whalley Capital Group - Stephen Gorodetsky
- Units: 992
- Price per Unit: $438,508
- Total Square Footage: 850,000
- Price per Square Foot: $512
The acquisition was spearheaded by two prominent entities, Graph Group represented by Avi Philipson and Whalley Capital Group represented by Stephen Gorodetsky. These individuals played a crucial role in securing the deal for their respective organizations.
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93