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|Number of units||125|
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.
- 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