Updated Oct 16, 2026
Joseph Tsai Of Brooklyn Sports & Entertainment Acquires Three Brooklyn Training Facilities For All-Cash Deal
100 Dobbin Street, 53 Knickerbocker Avenue & 483 Baltic Street
Building Size
40,300 SF
Asset Type
Special Purpose
Closing
Oct 14, 2026
About this deal
AI
The transaction involves the acquisition of three training facilities located at 100 Dobbin Street, 53 Knickerbocker Avenue, and 483 Baltic Street. These properties have a combined square footage of 40,300 and are categorized as Special Purpose assets. The deal was executed in an all-cash transaction within the Brooklyn market.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: Not specified
- Square Footage: 40,300
- Addresses: 100 Dobbin Street, 53 Knickerbocker Avenue, 483 Baltic Street
- Market: Brooklyn
- Buyer: Joseph Tsai - Brooklyn Sports & Entertainment
- Brokers: Daniel O'Brien, David Behin, Caroline Hodes & Loren Valla - Newmark
Joseph Tsai, representing Brooklyn Sports & Entertainment, purchased these properties, which serve as training facilities for the Brooklyn Nets and New York Liberty. The brokerage team from Newmark facilitated the transaction, with multiple brokers involved in the representation of the buyer.
On the Map
Special Purpose
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Brooklyn Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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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