$40.0 Million Non-Performing Mixed-CRE (Multi Concentration) Loan Portfolio
81 unités
Descriptif
JLL Capital Markets has been retained on an exclusive basis to arrange the sale of 335 Carroll Street, a five-story free-market multifamily building that boasts new finishes, luxury amenities, and prime Carroll Gardens living. Situated in one of Brooklyn’s hottest neighborhoods, with condo-like amenities, 335 Carroll has capitalized on the increase of residential demand due to its fully free-market nature. Due to its Certificate of Occupancy date, 335 Carroll Street is not subject to Good Cause Eviction, making it extremely unique true free-market product to hit the market. 335 Carroll Street is comprised of massive units averaging ~1,000 SF with elevated ceilings, central AC, sleek appliances, and luxury amenities, plus proximity to bustling Smith Street, Union Street, and Fourth Avenue retail corridors.
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Attributs
Nombre d'unités
30
Superficie du bâtiment brute
3 492 mètres carrés
Superficie du terrain brute
914 mètres carrés
Places de parking
6
Média
Points forts de l'investissement
Rental Growth Potential
Without being subject to Good Cause, an owner can implement market-rate increases (uncapped) and optimize rents to current Carroll Gardens market rate levels immediately.
Tenant Management Flexibility
Ability to non-renew leases for strategic repositioning, unit renovations, or tenant mix optimization without “good cause” restrictions. This includes the strategic plan of a condo conversion.
Capital Improvement Returns
An owner more easily re-capture renovation investments through rent increases, making unit upgrades, and building improvements more financially viable.
Market Positioning
In today’s constrained regulatory environment, this exemption provides a major competitive advantage for maximizing NOI growth, maintaining full operational flexibility for rent increases and lease non-renewal.
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335 Carroll Street (0 Propriétés)
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Dernière mise à jour
15 sept. 2025
