Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, a prime 14 unit residential building, located at 353 12th Street, a beautiful tree-lined street, between 6th and 7th Avenues, in the heart of the Park Slope neighborhood in New York City. The property is located just a short walk to Prospect Park and local transportation.
The subject property is a four-story, multi-family building containing 14 apartments. The layout consists of micro-unit, studio apartments, and one three-bedroom apartment. Small units are unique and in high demand for this area.
“The property has attractive assumable financing in place, offering a purchaser the ability to avoid the uncertainty of the current interest rate environment,” emphasized Polsinelli. The building underwent a complete renovation in 1994 and since then, some of the units have been upgraded. The building offers the ability to add value through the addition of amenities and improvements. The apartments are currently paying well below the market for a typical apartment in Park Slope, presenting a new owner with the opportunity to capitalize on this much sought after neighborhood. 353 12th Street is well-positioned for future rental income growth.
“353 12th Street is a perfect, easy to manage, investment for a new or seasoned purchaserseeking to gain a foothold in one of New York City’s most attractive and in demand neighborhoods,” noted Adelaide Polsinelli.
“Fortunately, we are seeing signs of a strong real estate resurgence as more investors are realizing that owning multi-family real estate has significant advantages in inflationary times,” noted Polsinelli. “The renewed boost in real estate activity is just what New York City needed to remind investors that we are in a “once in a cycle” buying opportunity,” Polsinelli concluded.
