Kayne Anderson Capital Advisors Acquires Future Watermark At Brooklyn Heights For $200M

The future Watermark at Brooklyn Heights, located at 21 Clark Street in New York's Brooklyn Heights neighborhood, was sold in a recent transaction. The residential property spans across 314,000 square feet and was sold for a price of $200,000,000, resulting in a price per square foot of $645. The seller of the property was Jehovah's Witnesses, while the buyer was Kayne Anderson Capital Advisors LP. The transaction was facilitated by Ali Reslan of VCP Properties.

Summary of transaction details

• Property Type: Residential
• Transaction Amount: $200,000,000
• Address: 21 Clark Street, Brooklyn Heights, New York
• Market: Brooklyn Heights
• Square Footage: 314,000
• Price per Square Foot: $645
• Seller: Jehovah's Witnesses
• Buyer: Kayne Anderson Capital Advisors LP
• Broker: Ali Reslan - VCP Properties

Ali Reslan of VCP Properties played a key role in facilitating the transaction as the broker representing the buyer, Kayne Anderson Capital Advisors LP. The deal highlights the active real estate market in Brooklyn Heights and the notable involvement of Kayne Anderson Capital Advisors LP in acquiring the future Watermark property.