The Artisan at Essex Crossing
180 Broome Street, New York, NY, 10002, US
263 unités
Descriptif
Jones Lang LaSalle (“JLL”) has been exclusively retained by ownership to facilitate the sale of The Tri-Borough Sponsor Portfolio, a large-scale portfolio comprised of 755 residential condominium and co-op units, 26 commercial units, and 35 parking units (580 total parking spaces) across 28 strategically located buildings throughout Manhattan, Brooklyn, and Queens. The Portfolio is being offered to the market for the first time as a package since these properties were acquired between 1998 and 2017. This presents a rare opportunity to purchase a cash flow positive sponsor package of significant scale with substantial embedded upside and a protected path to full residential decontrol. Existing condo / co-op structures provide a path for 100% of the residential units to convert to Free Market. The residential units can be leased at market rent or sold off individually upon vacancy.
...
Attributs
Nombre d'unités
816
Places de parking
580
Média
Points forts de l'investissement
SUBSTANTIAL SCALE
• Bulk NYC condo/co-op sponsor unit portfolio offering: 816 total units across three boroughs
• 755 resi. units / 26 comm. units / 35 parking units (580 spaces)
GEOGRAPHIC DIVERSIFICATION
Clustered in appreciating Manhattan and outer borough neighborhoods with strong fundamentals and transportation connectivity (3 boroughs / 13 submarkets / 28 buildings)
CASHFLOW POSITIVE SPONSOR OFFERING
Positive cash flow provides built-in downside protection & flexibility to execute value-add business plan
EXIT FROM REGULATION
100% of the residential sponsor units can exit NYS rent regulation / convert to Free Market status upon vacancy due to the existing laws that apply to condos / co-ops
SIGNIFICANT VALUE-ADD OPPORTUNITY
Upon vacancy, the residential condo/co-op units can either be leased at market rent or sold off individually to end users
DIVERSIFIED INCOME STREAMS
Commercial cash flow from retail, professional & garage units provides financial cushioning while new ownership focuses on residential business plan/value creation
LIQUID PRICE POINTS
Affordable price points targeting middle-income demographics in appreciating submarkets
BUSINESS PLAN OPTIONALITY
Multiple exit opportunities due to portfolio size and unit locations/composition: geographic tranches, sub-portfolio and/or component disposition, individual unit sellouts, etc.
Contactez les courtiers
Tri-Borough Sponsor Portfolio (0 Propriétés)
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
5 févr. 2026
