A & O Portfolio

Brooklyn, New York

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Portfolio

Stats

  • Number of Buildings 4
  • Total size (SF) 148,485
  • Price $51,000,000
  • Units 149

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.

Highlights

Ease in Management

Value-Add Opportunity

Rare Opportunity to Acquire Value-Add Buildings
Scalability

Meticulous Institutional Management

Highly Desirable Sub-Markets

Team

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554

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