Living / Multi-housing

929 Atlantic Avenue

929 Atlantic Ave Brooklyn, New York United States 11238-2704
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross

Asset Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 929 Atlantic Avenue (“The Properties”), a 19 unit value-add opportunity in Clinton Hill, Brooklyn. 929 Atlantic Avenue will be delivered vacant, offering a developer a unique opportunity to build condos or rentals. The current structure totals 17,469 gross square feet, featuring 16 one-bedroom units and 3 two-bedroom units.

Investment Highlights

VALUE REALIZATION & UPSIDE 

Throughout 2021 and well into 2022, growing multifamily demand and limited multifamily supply has attributed to the rising rents in Clinton Hill, Boerum Hill, and Downtown Brooklyn. 929 Atlantic Avenue is a partially completed multifamily building in Clinton Hill with 57’ of frontage along the heavily trafficked Atlantic Avenue. The Property is REO and is about 70% completed. 929 Atlantic Avenue anticipated completion date was 2019, with the goal of offering 19 luxury residences in Brooklyn’s epicenter of shopping, dining and culture. The Property has three apartments per floor, offering an investor high quality layouts filled with natural light.


UNIQUE DEVELOPMENT OPPORTUNITY

929 Atlantic Avenue is positioned for an investor to take an advantage a 17,469 GSF open template ready to be completed. The Property is not yet completed and will be delivered vacant, offering an investor the opportunity to position the asset as a rental or condo. The Property totals 19 units and is comprised of 16 one-bedrooms (84%), and 3 two-bedrooms (16%). Current ownership is willing to consider seller financing as a purchase option.


SUPERIOR CONNECTIVITY

929 Atlantic Avenue is a 15-minute walk from the Atlantic Avenue-Barclay Center station, one of New York’s most transited subway stations with over 14 million passengers and the LIRR. This incredible subway connectivity provides quick and direct access to every major employment center in New York. Residents can get to DUMBO in 15 minutes, the Financial District in 20 minutes and Midtown in under 30 minutes.

Last Updated Date: 06 Oct 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 06 Oct 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.