12 Story, Project-Based Section 8 Building In A Prime Clinton Location
Historic Six (6) Story Elevator Office / Specialty Use Building With Air Rights
The New York City multifamily market posted its strongest quarter of the year in 3Q17 extending the positive momentum registered towards the latter half of 2Q17. The market topped $2 billion in sales during the quarter for the first time since 4Q16, led by Manhattan which saw two sales above $100 million. Until now, 2017 had only seen a single sale at that level across all sub-markets. The City also saw more transactions this quarter than any other since 3Q16. However, despite the gains, 3Q17’s performance dipped on a year-over-year basis as the market still stands decidedly lower than last year.
Bushwick, Six-Family Building:
304 Saint Nicholas Avenue
With a total of 5,670 square feet, measuring 27’ x 70’ on a 27’ x 100’ lot, the building is currently fully occupied and conveniently situated around the corner from the Myrtle-Wyckoff station, offering both L and M train service.
4 Story Hamilton Heights Mixed-Use Building:
735 Saint Nicholas Avenue
With its convenient location on the evolving and strengthening St Nicholas retail corridor, and rising residential demand, this asset containing 1 commercial unit and 5 residential units presents investors with a stable in-place cash flow opportunity with future upside.
4 Story Central Harlem Multifamily Building:
215 West 134th Street
The building encompasses a total of 3,332 gross square feet across 6) residential units. The unit mix currently consists of three studio apartments and three one-bedroom apartments. Three of the units are currently vacant.