Description

Jones Lang LaSalle (“JLL”) has been exclusively engaged to arrange the sale of 67 Livingston Street (the “Property”), a fully renovated 29-story residential building in the highly desirable neighborhood of Brooklyn Heights. This rare offering presents the opportunity to acquire one of the tallest residential buildings in Brooklyn Heights with premium Manhattan skyline views and strategic flexibility to operate as luxury rentals or convert to high-end condominiums.

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Attributes

Number of units

Year built

1987

Rentable area

3,745 m²

Media

Investment Highlights

Rare opportunity to acquire a 100% Fair Market Property exempt from Good Cause Eviction and protected from RGB risk, enabling unconstrained NOI opportunity
Originally built as condos with premium finishes and private elevator access, offering a turnkey reconversion opportunity in Brooklyn Heights’ strong for-sale market
Substantial mark-to-market opportunity across below-market units, including the penthouse unit with $30,000/month upside potential
Predominantly two- and three-bedroom full-floor residences with access to top-rated schools attract stable, family-oriented tenancy
Blue-chip resident demographics with residents’ annual income averaging $880K
Located within a 10-minute walk of 7 subway lines and multiple bus lines, providing convenient access to Downtown Brooklyn, the Financial District, and Midtown Manhattan
Multi-housing fundamentals projected to remain robust due to a constrained residential construction pipeline and a tight 2.4% submarket vacancy