A & O Portfolio Multi-Family FOR SALE


Brooklyn, NY
$51,000,000 USD
914-406-9257
, Brooklyn, NY for Sale
$51,000,000 USD
Multi-Family - FOR SALE
1/4
null | 6% Cap Rate

A & O Portfolio
Brooklyn, NY


HIGHLIGHTS

  • Value-Add Opportunity

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale a four-building portfolio (the “Properties”) of multifamily elevator buildings in the heart of Brooklyn’s Clinton Hill and Prospect Heights neighborhoods. The assets are tightly clustered, allowing for a single operator to efficiently manage. The Properties offer a total of one-hundred-and-forty-nine (149) residential units across 148,485± square feet. Of the buildings, two offer expired J-51 Tax Abatements, the third offers an expiring 421-a tax abatement with 4 years remaining, and the fourth property offers a J-51 tax abatement with 10 years remaining. The Properties are being offered together or separately. Ease in Management Value-Add Opportunity Rare Opportunity to Acquire Value-Add Buildings Scalability Meticulous Institutional Management Highly Desirable Sub-Markets

ASK ABOUT THIS PROPERTY

Fritz RichterAvison YoungMore Info
914-406-9257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Fritz RichterAvison YoungMore Info
914-406-9257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.