A & O Portfolio
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A & O Portfolio
4 Multifamily Properties Offered at $51,000,000 in Brooklyn, NY
Investment Highlights
- Value-Add Opportunity
Executive Summary
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
Ease in Management
Value-Add Opportunity
Rare Opportunity to Acquire Value-Add Buildings
Scalability
Meticulous Institutional Management
Highly Desirable Sub-Markets
Property Facts
| Price | $51,000,000 | Number of Properties | 4 |
| Price / SF | $383.63 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 132,940 SF |
| Sale Type | Investment | Total Land Area | 1.27 AC |
| Status | Active |
| Price | $51,000,000 |
| Price / SF | $383.63 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 132,940 SF |
| Total Land Area | 1.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 800-802 Bergen St, Brooklyn, NY 11238 | Multifamily | 22,240 SF | 2001 | - |
| 50 Greene Ave, Brooklyn, NY 11238 | Multifamily | 35,872 SF | 1932 | - |
|
Knox Place
597 Grand Ave, Brooklyn, NY 11238 |
Multifamily | 56,628 SF | 1900 | - |
| 471 Vanderbilt Ave, Brooklyn, NY 11238 | Multifamily | 18,200 SF | 1930 | - |
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