Living / Multi-housing

The Clinton Grand

Documents

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Key facts

Building Area Gross
Number of units 125

Portfolio description

JLL has been exclusively retained to arrange for the sale of The Clinton Grand Portfolio, a collection of 4 contiguous multifamily buildings in one of Brooklyn's most dynamic neighborhoods - Clinton Hill. The portfolio spans 123,020 GSF and hosts 125 residential apartments. Currently The Clinton Grand generates $2.6 million gross with rents well under market. This is a unique opportunity to acquire a large-scale asset with strong cashflow and substantial future upside potential.

Investment highlights

  • 4 contiguous buildings encompassing entire block endcap with 3 sides of frontage
  • 125 apartments with 1-, 2-, 3- and 4-bedroom layouts
  • Over $2.6 million gross revenue in Year 1
  • Substantial long term tax benefit from J-51
  • Attractive financing options with strong cash-on-cash return
  • Price well below replacement costs
  • Multiple immediate and long-term paths to add value

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List View
Map View
The Clinton Grand (4 Properties)
425 Grand Avenue
Brooklyn, United States
90 Downing Street
Brooklyn, NY, United States
435 Grand Avenue
Brooklyn, NY, United States
29 Putnam Avenue
Brooklyn, NY, United States
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Last Updated Date: 07 Oct 2021

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