SOLD
RXR Realty Acquires Multifamily Building In Dumbo From CIM Group & LIVWRK For $220M
85 Jay Street
MultiFamily
3,086 SF
3,086 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
3,086 sqft
A multifamily property located at 85 Jay Street in Dumbo has been sold for approximately $220,000,000. The property consists of 320 units, resulting in a price per unit of $687,500. The sale took place on April 13, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $220,000,000
- Address: 85 Jay Street
- Market: Dumbo
The buyer of the property was RXR Realty, while the sellers were CIM Group and LIVWRK. The deal was facilitated by brokers Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Michael Collins, and Dan O'Brien, representing Cushman & Wakefield.
Players
All
8
Agents
6
Agencies
2
Details
SOLD
IMAGE: Adam Spies, Asher Abehsera, Scott Rechler, Shaul Kuba, Avi Shemesh & Doug Harmon
DATE: 04/13/2021
ADDRESS: 85 Jay Street
MARKET: Dumbo
ASSET TYPE: Multifamily
BUYER: @RXR_Realty
SELLER: @CIMGroup & @LIVWRK
BROKERS: Adam Spies, Adam Doneger (@ADoneger) Doug Harmon, Marcella Fasulo, Michael Collins and Dan O'Brien - Cushman & Wakefield
SALE PRICE: $220,000,000 (approx.)
UNITS: 320 ~ PPU: $687,500View on map
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Address85 Jay Street
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