Updated Oct 26, 2026
53 Knickerbocker Avenue
53 Knickerbocker Avenue
Building Size
45,000 SF
Asset Type
Special Purpose
Closing
Oct 13, 2026
About this deal
AI
The transaction involved youth basketball facilities with a total square footage of 45,000, located at 100 Dobbin Street, 53 Knickerbocker Avenue, and 483 Baltic Street in the Brooklyn market.
Summary of transaction details:
- Property Type: Youth Basketball Facilities
- Transaction Amount: Not disclosed
- Buyer: Brooklyn Nets & NY Liberty
- Seller: The Post BK
- Brokers: Daniel O'Brien, David Behin & Caroline Hodes - Newmark
Key representatives involved in the deal included Daniel O'Brien, David Behin, and Caroline Hodes, who facilitated the brokerage for the transaction on behalf of the seller and buyer, indicating the collaborative efforts of Newmark in this sale.
On the Map
Special Purpose
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Players
Brooklyn Special Purpose Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93