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Dermot Company Acquires Multifamily Property In Brooklyn For $142.35M

225 Schermerhorn Street
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This MultiFamily property located in NY was sold for $142,350,000 almost 2 years ago. The brokers of the deal were Jeffrey (Jeff) Julien, Rob Hinckley, Steven Rutman, and Jonathan Faxon

The multifamily property located at 225 Schermerhorn Street in Brooklyn was recently sold in a transaction valued at $142,350,000. The property consists of 271 units, with a price per unit of $525,276. The total square footage of the property is 200,493, resulting in a price per square foot of $709.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $142,350,000
  • Address: 225 Schermerhorn Street
  • Market: Brooklyn

The buyer in this transaction was Dermot Company, while the seller was BentallGreenOak. The deal was facilitated by brokers Jeffrey Julien, Rob Hinckley, Steven Rutman, and Jonathan Faxon from JLL.

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Deals
  • Location
    225 Schermerhorn Street, Brooklyn, New York 11201, United States225 Schermerhorn Street, Brooklyn, New York 11201, United States
  • Sale Price
    $142,350,000$142,350,000
    $710 PPSF$710 PPSF
  • Area
    200,493 SF200,493 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Jonathan Faxon

Jonathan Faxon

Deals3
Financed$160.4M

Jeffrey (Jeff) Julien

Jeffrey (Jeff) Julien

Deals41
Financed$5.3B

Steven Rutman

Steven Rutman

Deals43
Financed$5.6B

Rob Hinckley

Rob Hinckley

Deals51
Financed$5.2B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Jeffrey Julien, Rob Hinckley, Steven Rutman & Jonathan Faxon DATE: 05/26/2022 ADDRESS: 225 Schermerhorn Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Dermot Company SELLER: BentallGreenOak (@BentallGreenOak) BROKERS: Jeffrey Julien, Rob Hinckley, Steven Rutman & Jonathan Faxon - JLL (@JLL) SALE PRICE: $142,350,000 UNITS: 271 ~ PPU: $525,276 SF: 200,493 ~ PPSF: $709

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225 Schermerhorn Street

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