$2.0 Million Non-Performing Mixed-Use Loan | Manhattan, NY | Ten-X Auction
New York, NY, 10029, US
8 units
Asset Description
Jones Lang LaSalle (“JLL”) has been exclusively retained to arrange the sale of 88 Linden Boulevard (the “Property”), a 7-story, 2022-vintage luxury, multi-housing asset located in the Prospect Lefferts Garden neighborhood of Brooklyn, New York. The Property benefits from the 35-year Affordable New York Tax Abatement program, keeping taxes below market for the next 34 years. Of the 66 units, 68% are fair market offering an investor uncapped rent growth as Prospect Lefferts Garden continues to prosper.
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Attributes
Number of units
66
Year built
2022
Building area gross
60,259 sf
Media
Investment Highlights
- Newly Constructed, Efficiently Designed Boutique Asset
- Valuable Long Term Real Estate Tax Abatement
- Majority Fair Market
- Compelling Value Proposition for Brooklyn Renters
- Discount To Replacement Cost
- Transit-Oriented Location Near Multiple Subway Lines
- Located in Prospect Lefferts Gardens – Brooklyn’s Most Burgeoning Neighborhood
Contact brokers
88 Linden Blvd (0 Properties)
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Last updated
2 Jul 2024
