A & O Portfolio
Brooklyn, New York
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
Zoom
Team

Patrick Madigan

Joseph Moran

James Nelson
Principal, Head of U.S. Investment Sales
Avison Young - US - NY - New York
917 362 1485

Brandon Polakoff
Principal, Head of NYC Investment Sales
Avison Young - US - NY - New York
212 230 5998
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