As apartment rental prices in New York have reached record highs, a partnership led by real estate investment firm The Dermot Company has bought a 302-unit luxury rental property in the Midwood neighborhood of Brooklyn in what CoStar data shows is the largest multifamily transaction in the borough this year.
Partnership Led by Dermot Buys 302-Unit Luxury Rental Building in Brooklyn
Borough, More Affordable Than New York Average, Has Seen Record-High Rents, CoStar Data Shows
By Andria Cheng
CoStar NewsApril 13, 2022 | 7:58 P.M.
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IN THIS ARTICLE
- Properties
- The Vitagraph
1277 14th St, Brooklyn, NY
- Companies
- The Dermot Company
Finance and Insurance