Avi Philipson Acquires 133-Unit Multifamily Property In Brooklyn For $435M
SOLD
$435,000,000
+ 4
New York
See Similar DealsMultiFamily1,234,369 SF
Sold 04/05/2023
SOLD
Avi Philipson Acquires 133-Unit Multifamily Property In Brooklyn For $435M
MultiFamily1,234,369 SF
Sold 04/05/2023
+ 4
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:1,234,369 SF
Transaction Type:Sale
All Year Holdings, owned by Yoel Goldman, has sold a multifamily property located in Brooklyn, New York. The property was acquired by Avi Philipson for a total sale price of $435,000,000. The transaction was facilitated by David Schechtman, Tamir Kazaz, Abie Kassin, Amit Doshi, and Shallini Mehra from Meridian Capital Group as the brokers.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $435,000,000
- Units: 133
- Price per Unit (PPU): $3,270,677
- Square Footage: 1,234,369
- Price per Square Foot (PPSF): $352
- Market: Brooklyn
The sale of this multifamily property marks a significant transaction in the Brooklyn real estate market. The property consists of 133 units with a total square footage of 1,234,369. The sale price of $435,000,000 translates to a price per unit (PPU) of $3,270,677 and a price per square foot (PPSF) of $352.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$23,200,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,545,463.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,062,121.93
Annual Debt Service$24,745,463.12
Is there something missing? Send suggestions