The Axel_Property for Sale
The Axel_Property for Sale

The Axel

545 Vanderbilt Ave, Brooklyn, NY, 11238-2209, US

Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of The Axel (the “Property”) a 30-story, newly constructed multi-housing asset located at the intersection of Fort Greene, Clinton Hill, and Prospect Heights in Brooklyn, New York. The Property’s 284 units are 70% fair market, and are comprised of 89 studios, 93 one-bedrooms, 86 two-bedrooms, and 16 three bedrooms. The Axel also features nearly 49,000 square feet of commercial, with over 35,000 square feet combined leased to Maimonides Medical Center and Chick-Fil-A. The occupied space has a WALT through 2039.

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Attributes

Number of units
284
Year built
2023
Rentable area
222,976 sf

Media

Investment Highlights

  1. Luxurious Class A Trophy Asset with Market Leading Amenity Package totaling over 30,000 SF
  2. Unobstructed 360 Views
  3. Morris Adjmi Designed
  4. Opportunity to Acquire Below Replacement Cost
  5. Valuable Long Term Real Estate Tax Abatement
  6. Upside Within the Commercial Component
  7. Uncapped Market Rent Growth
  8. Exempt from Good Cause Eviction Legislation
  9. Convenient Access to Mass Transit
The Axel 4_Property for Sale
The Axel 4_Property for Sale

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The Axel (0 Properties)

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Last updated
3 Feb 2026