88 Linden Blvd_Property for Sale
88 Linden Blvd_Property for Sale
88 Linden Boulevard, Brooklyn, NY, 11226, US

88 Linden Blvd

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of 88 Linden Boulevard (the “Property”), a 7-story, 2022-vintage luxury, multi-housing asset located in the Prospect Lefferts Garden neighborhood of Brooklyn, New York. The Property benefits from the 35-year Affordable New York Tax Abatement program, keeping taxes below market for the next 34 years. Of the 66 units, 68% are fair market offering an investor uncapped rent growth as Prospect Lefferts Garden continues to prosper.  

Attributes

Number of units
66
Year built
2022
Building area gross
5,598 m²

Media

Investment Highlights

  • Newly Constructed, Efficiently Designed Boutique Asset
  • Valuable Long Term Real Estate Tax Abatement
  • Majority Fair Market
  • Compelling Value Proposition for Brooklyn Renters
  • Discount To Replacement Cost
  • Transit-Oriented Location Near Multiple Subway Lines
  • Located in Prospect Lefferts Gardens – Brooklyn’s Most Burgeoning Neighborhood
88 Linden Blvd 4_Property for Sale
88 Linden Blvd 4_Property for Sale

Contact brokers

Jeffrey Julien_Commercial Real Estate Broker
Jeffrey JulienSenior Managing Director, Capital Markets
Rob Hinckley_Commercial Real Estate Broker
Rob HinckleySenior Managing Director, Capital Markets
Steven Rutman_Commercial Real Estate Broker
Steven RutmanManaging Director, Capital Markets
Ethan Stanton_Commercial Real Estate Broker
Ethan StantonManaging Director, Capital Markets
88 Linden Blvd (0 Properties)

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Last updated
2 Jul 2024