Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to market the sale of 1016 50th Street and 5001 10th Avenue, 2 adjacent multifamily buildings located in the heart of Borough Park, Brooklyn. 1016 50th Street features approximately 200 feet of wraparound frontage at the northeast corner of 50th Street and Fort Hamilton Parkway, while 5001 10th Avenue offers roughly 195 feet of wraparound frontage at the northwest corner of the same block, at 50th Street and 10th Avenue.

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Caractéristiques de l'actif

Total GSF

~73,000

1016 50th Street NSF

34,800

5001 10th Avenue NSF

30,700

Nombre d'unités

Occupation

100 %

Master Lease Term

30 years

Média

Points clés d'investissement

Stabilized, Long-Term Cash Flow Backed by Essential Government-Supported Housing Demand
Demand for Supportive Housing Continues to Rise
Significant Repositioning and Exit Flexibility
Predominantly Free-Market Residential Composition
Underlying Sub-Rehab & Flexible Alternate Uses
Fully Gut-Renovated Assets
Prime Borough Park Corner Locations with Proximity to Maimonides
Embedded Upside from Mixed-Use and Ancillary Income