Real Estate Weekly
Image default
Deals & Dealmakers

Eastern Consolidated selected to market 6-building multifamily portfolio in Brooklyn

Eastern Consolidated has been selected as the exclusive agent to sell a six-building multifamily portfolio located in the Prospect Lefferts Gardens and Flatbush sections of Brooklyn, Real Estate Weekly has learned.  The asking price is $28.7 million for the package.

GABE SAFFIOTI
GABE SAFFIOTI

Gabriel Saffioti, director of Eastern Consolidated, and Nicole Rabinowitsch, director, are marketing the buildings, which are located at 332-334 Rutland Road and 104 and 110 Empire Boulevard in Prospect Lefferts Gardens, and 2708 Cortelyou Road, 2204 Clarendon Road, and 168 East 29th Street in Flatbush. Wade Hazelton, Associate Director, is the analyst on the project.

All of the properties are four-story walk-ups and together total approximately 98,284 s/f and feature 120 apartments. The buildings are  located near the B, Q, 2, and 5 subway lines.

“These buildings have been well-maintained by a long-time owner and are located on desirable blocks that offer investors a value-add opportunity with considerable upside,” Saffioti said. “The three buildings in Prospect Lefferts Gardens are a short walk to Prospect Park, the Brooklyn Botanic Garden, Kings County Hospital Center, and SUNY Downstate Medical Center, while the remaining buildings are clustered in an area of Flatbush that is seeing new retail and other improvements.”

This is the latest addition to an aggressive year for Eastern Consolidated in the Brooklyn investment sales market. They have now facilitated in excess of $450 million worth of transactions in the borough this year.

The identity of the seller was not made available.

(Visited 1 times, 1 visits today)

Related posts

French-American School sells White Plains campus to developer

REW

ON THE SCENE: Latest middle market sales

REW

Blackstone acquires $2.8B logistics portfolio from Cabot

REW