34 Berry
34 Berry St, Brooklyn, NY, 11249-1025, US
142 eenheden
Beschrijving
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the fee simple sale of The Adele, located on the corner of Avenue D and East Houston Street in the East Village neighborhood of Manhattan. Built in 2014, the Adele is a 12-story luxury residential building featuring 135 units, a ground floor retail component, and a parking garage.
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Kenmerken
Aantal eenheden
135
Bouwjaar
2014
Verhuurbare oppervlakte
9.203 vierkante meter
Media
Investeringskenmerken
- Rare opportunity to acquire a luxury Manhattan asset for approximately 30% below replacement cost
- Prime value-add opportunity to renovate market rate stabilized units and increase rents 20% to the legal threshold, increasing revenue as 421a benefit burns off
- 421a benefit provides $10.9MM in tax savings throughout the rest of the term as well as the ability to begin charging the 2.2% surcharge in 2027
- Luxury apartment homes feature floor-to-ceiling windows, GE stainless steel appliances, and in-unit washer dryers
- Comprehensive amenity package includes 24-hour concierge, fitness center, courtyard patio with grilling stations, media lounge, and furnished rooftop
- Two bus stops directly across the street provide convenient access uptown and to the west side
- Dynamic downtown location at the nexus of East Village and the Lower East Side provides residents ample options for dining, shopping, bars, coffee shops, and more
Contact adviseurs
The Adele (0 Eigendommen)
JLL kan u helpen bij de financiering en het beheer van uw portefeuille. E-mail ons vandaag nog om te zien hoe we u kunnen helpen uw ambities te realiseren.
Laatst bijgewerkt
23 jan 2026
