540 Waverly Avenue

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of 540 Waverly Avenue (the “Property” or “540 Waverly”), a 135-unit luxury residential property located at the intersection of Clinton Hill and Prospect Heights, one of the most coveted residential neighborhoods in Brooklyn. 540 Waverly’s unit mix is comprised of 31 studios, 66 one-bedrooms and 38 two-bedrooms, which combined average 651 square feet. The Property also has 6,332 square feet of commercial space, which is 47% occupied by Burly Coffee and Hands of Hope with lease expiration of April 2033 and January 2035, respectively.

540 Waverly sits in a great location on the southern edge of Clinton Hill among quiet, tree-lined streets. This ideal location within the submarket positions 540 Waverly to benefit from the significant private investment along Atlantic Avenue, while also being at the nexus of Prospect Park and some of Brooklyn’s premier shopping districts. The Property boasts thoughtful, modern design features with diverse apartment layouts, high-end interior finishes, central heating and cooling, and a robust amenity package including a rooftop lounge, state-of-the art gym, and parking garage.