164 East 61st Street
US - New York, NY
€7,746,000 | 5 units
Asset Description
Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Grapevine 2499 (the “Property”), an institutional Class “A” asset with value-add opportunity located in Grapevine, Texas. The 348-unit Property was built in 2003 and is strategically situated along Grapevine Mills Pkwy just north of SH-121
providing excellent visibility and an exceptional flow of traffic to the asset. This ideal site places residents just minutes from DFW International Airport as well an outstanding collection of lifestyle amenities including Grapevine Mills Mall, Gaylord Texan Resort,
Grapevine Lake, and Las Colinas Urban Center, the largest office market in DFW outside of downtown Dallas. Furthermore, Grapevine 2499 is served by Grapevine-Colleyville Independent School District, which is one of the premier school districts in the state.
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Attributes
Number of units
348 units
Occupancy
92.00%
Year built
2003
Building area Net
30,627 m²
Land area net
8.00 ha (79,962 m²)
NOI
€3,756,000
Media
Investment Highlights
- Desirable suburban submarket with extremely high barriers to entry
- Institutional Class A asset with significant capital improvements
- Value enhancement opportunities
Contact brokers
Grapevine 2499 (0 Properties)
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Last updated
22 Jun 2023
