1500 Locust
1500 Locust St, Philadelphia, PA, 19102-4329, US
605 units
Description
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of The Axel (the “Property”) a 30-story, newly constructed multi-housing asset located at the intersection of Fort Greene, Clinton Hill, and Prospect Heights in Brooklyn, New York. The Property’s 284 units are 70% fair market, and are comprised of 89 studios, 93 one-bedrooms, 86 two-bedrooms, and 16 three bedrooms. The Axel also features nearly 49,000 square feet of commercial, with over 35,000 square feet combined leased to Maimonides Medical Center and Chick-Fil-A. The occupied space has a WALT through 2039.
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Attributes
Number of units
284
Year built
2023
Rentable area
20,715 m²
Media
Investment Highlights
- Luxurious Class A Trophy Asset with Market Leading Amenity Package totaling over 30,000 SF
- Unobstructed 360 Views
- Morris Adjmi Designed
- Opportunity to Acquire Below Replacement Cost
- Valuable Long Term Real Estate Tax Abatement
- Upside Within the Commercial Component
- Uncapped Market Rent Growth
- Exempt from Good Cause Eviction Legislation
- Convenient Access to Mass Transit
Contact brokers
The Axel (0 Properties)
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Last updated
3 Feb 2026
