Central Brooklyn Portfolio

Five building multifamily/mixed-use Portfolio for Sale

Central Brooklyn
Asking Price Submit Offers
Type Multifamily & Mixed-Use Buildings
Neighborhood Crown Heights, Bed-Stuy & Bushwick
Properties 5
Lot Size Request for OM
Zoning Code R6 /R6A / C1-3 / M1-1
Size Request for OM
Stories 3 & 4 Stories
Units Request for OM
Air Rights

Investment Highlights:

Meridian Investment Sales has been retained to sell the Central Brooklyn Portfolio, a 5 building multifamily/mixed use portfolio in Central Brooklyn. This offering gives investors the opportunity to acquire 23 units and ~23,112 square feet throughout the Bushwick, Bedford Stuyvesant and Crown Heights neighborhoods of Brooklyn. The portfolio is being sold for 16x gross rent, and a blended average of $488/ft. The portfolio’s gross annual income is $708,438 and has a net operating income of $598,987 representing a rare opportunity to acquire assets at a blended 5.3% cap rate. The buildings can be purchased individually or as a package.

Location:

132 Nostrand Avenue, Brooklyn, NY 11205
196 Utica Avenue, Brooklyn, NY 11213
438 Wilson Avenue, Brooklyn, NY 11221
912 Gates Avenue, Brooklyn, NY 11221
1378 Decatur Street, Brooklyn, NY 11237

Property Listing Contact:

Adam Hess // Senior Managing Director // One Battery Park Plaza, New York, NY 10004 // 718.534.9201 // ahess@meridiancapital.com

Eddie Setton // Vice President // One Battery Park Plaza, New York, NY 10004 // 718.534.9202 // esetton@meridiancapital.com

Aaron Birns // Associate // One Battery Park Plaza, New York, NY 10004 // 718.534.9203 // abirns@meridiancapital.com