Ẹgbẹ wa ti wa ni idasilẹ lori ipilẹ alailẹgbẹ lati ṣe iranlọwọ pẹlu tita ti 485 E. 28th Street ati 1463 New York Avenue, apakan ti awọn idagbasoke tuntun pẹlu ọdun 33+ to kù lori awọn 421a Tax Abatements wọn ni Flatbush ti n dagba.

Kọọkan ile-itaja elevator ni awọn ẹya 18 ni ayika to 17,000 ẹsẹ onigun mẹta ati pe o wa ni awọn bulọọki meji nikan lati ila ọkọ 2/5. Pẹlu awọn ipari didara condo ati ọpọlọpọ awọn balconi ikoko, gbogbo awọn ohun-ini jẹ ina ni kikun, mimọ, to munadoko, ati rọrun lati ṣakoso. Awọn afikun anfani wa nipa ṣiṣe ayé basement ati awọn agbegbe roof fun awọn ohun elo, ati awọn aaye ile awujọ le jẹ ki iyipada residensial ni ojo iwájú labẹ awọn ayipada to ṣẹṣẹ ti Ilu Yes/UAP.

Iye owó ni Flatbush ti nyara nipa 22% ni awọn ọdun mẹta to kọja, pẹlu awọn ipele ọja lọwọlọwọ fun idagbasoke tuntun ti o wa ni ayika $62/SF. Awọn ile ti o ni 95% ti wa ni isalẹ wọnyi nfunni ni owo-wiwọle to lagbara pẹlu agbara kedere lati mu awọn ẹya ti o wa ni ọja labẹ rẹ wa si owo-wiwọle pipe. Nṣiṣẹ pẹlu 6-cap pẹlu oluranlowo kan ti o setan lati jẹ ki o sanwo diẹ sii si 5.5%, wọn ntan rara ni anfani lati gba awọn ohun-ini ti o nilo itọju kekere, igba pipẹ pẹlu sisanwo owo ti o ni iduroṣinṣin ati anfani to ṣe pataki. Wa ni ọna kọọkan tabi bi iru akojọpọ.

Our team has been retained on an exclusive basis to facilitate the sale of 485 E. 28th Street and 1463 New York Avenue, a pair of new developments with 33+ years remaining on their 421a Tax Abatements in thriving Flatbush.

Each elevator building includes 18 units across roughly 17,000 square feet and is located just two blocks from the 2/5 subway line. Featuring condo-quality finishes and multiple private balconies, both properties are fully electric, clean, efficient, and easy to manage. There’s additional upside through activation of the basement and roof areas for amenities, and the community facility spaces may allow for future residential conversion under recent City of Yes/UAP changes.

Rents in Flatbush have risen approximately 22% over the past three years, with current market levels for new development averaging around $62/SF. These 95% occupied buildings offer strong in-place income with clear potential to bring under-market units to full rent. Asking a 6-cap with a lender in place willing to finance closer to 5.5%, they present a rare opportunity to acquire low-maintenance, long-term assets with stable cash flow and meaningful upside. Available individually or as a portfolio.