Manhattan - Brooklyn - Queens

Tri-Borough Sponsor Portfolio

描述

Jones Lang LaSalle (“JLL”) has been exclusively retained by ownership to facilitate the sale of The Tri-Borough Sponsor Portfolio, a large-scale portfolio comprised of 755 residential condominium and co-op units, 26 commercial units, and 35 parking units (580 total parking spaces) across 28 strategically located buildings throughout Manhattan, Brooklyn, and Queens. The Portfolio is being offered to the market for the first time as a package since these properties were acquired between 1998 and 2017. This presents a rare opportunity to purchase a cash flow positive sponsor package of significant scale with substantial embedded upside and a protected path to full residential decontrol. Existing condo / co-op structures provide a path for 100% of the residential units to convert to Free Market. The residential units can be leased at market rent or sold off individually upon vacancy.

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特性

單位數量

816

停车位数量

580

媒體

投資亮點

SUBSTANTIAL SCALE

• Bulk NYC condo/co-op sponsor unit portfolio offering: 816 total units across three boroughs

• 755 resi. units / 26 comm. units / 35 parking units (580 spaces)

GEOGRAPHIC DIVERSIFICATION

Clustered in appreciating Manhattan and outer borough neighborhoods with strong fundamentals and transportation connectivity (3 boroughs / 13 submarkets / 28 buildings)

CASHFLOW POSITIVE SPONSOR OFFERING

Positive cash flow provides built-in downside protection & flexibility to execute value-add business plan

EXIT FROM REGULATION

100% of the residential sponsor units can exit NYS rent regulation / convert to Free Market status upon vacancy due to the existing laws that apply to condos / co-ops

SIGNIFICANT VALUE-ADD OPPORTUNITY

Upon vacancy, the residential condo/co-op units can either be leased at market rent or sold off individually to end users

DIVERSIFIED INCOME STREAMS

Commercial cash flow from retail, professional & garage units provides financial cushioning while new ownership focuses on residential business plan/value creation

LIQUID PRICE POINTS

Affordable price points targeting middle-income demographics in appreciating submarkets

BUSINESS PLAN OPTIONALITY

Multiple exit opportunities due to portfolio size and unit locations/composition: geographic tranches, sub-portfolio and/or component disposition, individual unit sellouts, etc.