JDS Development has listed the rental and retail portions of the 93-story residential tower it just completed at 9 DeKalb Avenue, known as the Brooklyn Tower—the tallest building in the borough.
Newmark is listing the space at 9 DeKalb encompassing 398 multifamily units and 130K SF of retail space, including a Life Time fitness center with a 20-year lease. New York-based JDS will maintain ownership of 143 condominiums in the supertall residential tower, according to a Green Street alert.
The listing is estimating the value of the property at more than $600M, or at least $1.5M per unit, which would make it one of the largest multifamily transactions in NYC since the pandemic began.
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