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NYC Affordable Housing Portfolio

20 Residential Properties in Multiple Locations

Executive Summary

Value-Add Opportunity
- Recent 610 amendment to existing regulatory agreements allow for significant revenue growth.
- 46% of units are currently occupied by voucher based tenants.
Long Term Tax Benefit
-1% gross rent tax with the latest benefit expiring in 2059.
Scale
- Over 1.1M square feet across 21 buildings and two boroughs.
- 1,194 total units.
Well Located Assets
-Buildings primely located in their respective neighborhoods with an abundance of transportation options.
- Convenient access to New York City’s major employment hubs. Midtown Manhattan and the Financial District are reachable in about 30–45 minutes by subway and The Brooklyn Tech Triangle and Long Island City are also nearby, with commute times ranging from 20 to 40 minutes.

Attachments

1200_NYC_Affordable_Housing_Portfolio_TEASER

Property Facts

Sale Type Investment Individually For Sale 2
Status Active Total Building Size 1,205,591 SF
Number of Properties 20 Total Land Area 6.28 AC
Sale Type Investment
Status Active
Number of Properties 20
Individually For Sale 2
Total Building Size 1,205,591 SF
Total Land Area 6.28 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1314 Seneca Ave, Bronx, NY 10474 Residential 65,137 SF 1928 -
666 Ocean Ave, Brooklyn, NY 11226 Residential 37,800 SF 1924 -
91 E 18th St, Brooklyn, NY 11226 Residential 19,887 SF 1931 -
95 E 18th St, Brooklyn, NY 11226 Residential 19,544 SF 1931 -
280 E 21St St, Brooklyn, NY 11226 Residential 46,338 SF 1924 -
Pendant Hall
672 Ocean Ave, Brooklyn, NY 11226 		Residential 37,800 SF 1926 -
Paul Revere
682 Ocean Ave, Brooklyn, NY 11226 		Residential 41,868 SF 1926 -
816 Ocean Ave, Brooklyn, NY 11226 Residential 32,385 SF 1941 -
876 E 180th, Bronx, NY 10460 Residential 21,582 SF 1910 -
2095 Honeywell Ave, Bronx, NY 10460 Residential 34,875 SF 1916 -
2090 Mohegan Ave, Bronx, NY 10460 Residential 22,580 SF 1925 -
2083 Mohegan Ave, Bronx, NY 10460 Residential 42,090 SF 1925 -
1908 Belmont Ave, Bronx, NY 10457 Residential 43,299 SF 1920 -
1900 Belmont Ave, Bronx, NY 10457 Residential 42,000 SF 1920 -
1898 Belmont Ave, Bronx, NY 10457 Residential 20,025 SF 1911 -
1899 Belmont Ave, Bronx, NY 10457 Residential 28,279 SF 1922 -
1892-1894 Arthur Ave, Bronx, NY 10457 Residential 52,882 SF 1913 -
2082 Mohegan Ave, Bronx, NY 10460 Residential 33,803 SF 1925 -
Highbridge House
1133 Ogden Ave, Bronx, NY 10452 		Residential 335,048 SF 1972 -
221 Linden Blvd, Brooklyn, NY 11226 Residential 228,369 SF 1927 -
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Contacts

  • Listing ID: 33851638

  • Date on Market: 13/11/2024

  • Last Updated:

  • Address: NYC Affordable Housing Portfolio, Bronx, NY

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