Sentinel Real Estate Corporation sold a 122-unit rental building in Brooklyn’s Kensington neighborhood to DiMaggio Realty Management for $33 million, or $221 per square foot, sources told The Real Deal.
The six-story, 149,450-square-foot elevator property at 70-94 Dahill Road, just south of the Green-Wood Cemetery, is entirely rent-stabilized.
DiMaggio, led by Carlo DiMaggio, closed late last week on the purchase, at roughly $270,000 per door.
Sentinel, led by John Streicker, has been moving to sell off a chunk of its holdings, mostly in Upper Manhattan so far. The firm recently sold a building in Manhattanville for $23 million and a five-building Washington Heights portfolio for $101.5 million. But it’s still picking up assets in Brooklyn, such as three-building Brighton Beach portfolio for which it paid $57 million last year.
(To view more of Sentinel Real Estate Corporation’s commercial sales, click here)