$2.0 Million Non-Performing Mixed-Use Loan | Manhattan, NY | Ten-X Auction
New York, NY, 10029, US
8 Einheiten
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.