NEW YORK, NY – New York-based, RXR Realty LLC has purchased a 320-unit rental apartment component of a mixed-use property in Brooklyn's DUMBO neighborhood for $220 million.
The real estate operating and development company acquired the community from CIM Group and LIVWRK.
Located at 85 Jay St., the 320-unit multifamily community is located within a ground-up, mixed-use development that spans one full city block. The full property also consists of 407 for-sale condominium units known as Front & York, 140,000 square feet of retail space anchored by a 77,000-square-foot Life Time Fitness, and an attended garage with 660 parking spaces.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
