Maple Terrace Residences
3001 Maple Avenue, Dallas, TX, 75201, US
345 unidades
Descrição
Jones Lang LaSalle has been retained on an exclusive basis to arrange the 100% fee simple sale of 111 Worth (the “Property”), a 21-story, “80/20” 331-unit luxury multihousing property located in the Tribeca neighborhood of Downtown Manhattan. The Property also includes 17k SF of retail space and a 55k SF parking garage totaling 226 spaces. 111 Worth was constructed in 2003 and the 20-year 421-a tax abatement expired in June 2025, allowing for the deregulation of the 265 fair market units. Additionally, the Property is eligible for a 15 year extension of the 421a tax abatement.
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Atributos
Número de unidades
331
Ano de construção
2003
Área alugável
23.265 m²
Media
Destaques do investimento
- Extremely Rare Opportunity to Acquire a Large, Predominantly Fair Market Asset in a Highly Desirable Downtown Manhattan Location
- Existing Rents are Approximately 20% Below Market and 73% of Fair Market Units Have Not been Renovated
- Option For Valuable Real Estate Tax Abatement Via 421-a (17) 15-Year Extension, Yielding $35MM in Total Tax Savings
- Prime Location in Tribeca, one of Manhattan’s Premier Downtown Neighborhoods with Excellent Transportation Access
- Abundance of Natural Light and Premier Views Protected by Thomas Paine Park
- Comprehensive Amenity Package and 100% Leased Retail Component
- Favorable NYC Multi-Housing Fundamentals and High Barriers to Entry
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111 Worth (0 Propriedades)
