Descriptif

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the fee simple sale of The Williamsburg Four (the “Portfolio” or the “Properties”), a four-building multifamily portfolio comprising 34 residential units and 26,101 residential square feet across 30 & 42 Orient Avenue and 224 & 226 Montrose Avenue. The Portfolio includes 26 market-rate units and eight affordable units, with a diversified mix of studios through three-bedroom residences.

All four Properties benefit from 25-year 421-a tax abatements that provide significant tax savings in the near and medium term. The benefits extend through 2043 at 30 & 42 Orient Avenue and through 2036 at 224 & 226 Montrose Avenue, providing investors with enhanced operating-income durability and increased visibility into future cash flows. Importantly, each of the Properties is tax-class protected and benefits from limitations on annual assessed-value growth, helping insulate future ownership from a significant increase in real estate taxes upon expiration of the respective 421-a benefits.

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Attributs

Buildings

RSF

26,101

Residential Units

Market Rate Units

Affordable Units

The Williamsburg Four (4 Propriétés)

Média

Points forts de l'investissement

Four-Building Multifamily Portfolio comprising 34 residential units and 26,101 SF across 30 & 42 Orient Avenue and 224 & 226 Montrose Avenue in Williamsburg, Brooklyn.
Diversified Unit Mix of 26 market-rate units and 8 affordable units, spanning studios through three-bedroom residences.
Long-Dated 421-a Tax Abatements providing significant tax savings through 2043 at 30 & 42 Orient Avenue and through 2036 at 224 & 226 Montrose Avenue.
Tax-Class Protection with limitations on annual assessed-value growth, insulating ownership from significant real estate tax increases upon abatement expiration.
Prime Williamsburg Location in one of Brooklyn's most established and desirable residential markets, supported by deep renter demand and extensive retail, dining, entertainment and open-space amenities.
Concentrated Operating Footprint with all four properties located within approximately 0.5 miles of one another, creating meaningful efficiencies across leasing, property management and maintenance.
Immediate Scale and Cash Flow from predominantly market-rate unit base with long-term exposure to Brooklyn's supply-constrained rental market.
Complementary Asset Positioning offering diversified apartment layouts and price points across multiple renter segments while reducing reliance on any single unit type.
New Construction Product with tax benefits, tax-class protection and concentrated management footprint creating a compelling alternative to geographically dispersed individual properties.