One & Two Blue Slip_Property for Sale
One & Two Blue Slip_Property for Sale
One & Two Blue Slip, Brooklyn, NY, US, Americas

One & Two Blue Slip

Portfolio description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of One Blue Slip and Two Blue Slip (the “Properties”), a pair of trophy towers on the Brooklyn waterfront within the Greenpoint Landing Master Development. One Blue Slip was built in 2018 and features 359 units spanning across 30 stories. The 1,332 rentable square feet of at-grade retail is 100% leased to a pet club and florist with a weighted average remaining lease term of 7.5 years. Two Blue Slip was built in 2020 and features 421 units spanning across 40 stories. The 857 rentable square feet of at-grade retail is 100% leased to a coffee shop with 7.8 years of lease term remaining. Both Towers have ~70% market rate and ~30% affordable units comprised of ~25% studios, ~50% one-bedrooms, ~20% two-bedrooms, and ~5% three-bedrooms. 

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Attributes

Building area gross
75,447 sm
Units
780
One & Two Blue Slip (2 Properties)
One & Two Blue Slip (2 Properties)

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Investment highlights

  • 35-Year Affordable New York Exemption
  • Mark-to-Market Opportunity, Discount to Greater Brooklyn Waterfront & Manhattan
  • Contractual Increases on Affordable Units
  • Further Protected by Recent Legislation
  • Bespoke Amenity Programming
  • Thoughtful Unit Finishes
  • Unobstructed Waterfront Views
  • Blue Chip Tenant Demographics
  • Waterfront-Defining Assets in the Greenpoint Landing Master Development
  • Transportation Connectivity
One & Two Blue Slip 4_Property for Sale
One & Two Blue Slip 4_Property for Sale

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Last updated
Jul 19, 2024