A & O Portfolio

For Sale

597 Grand Ave, Brooklyn, NY 11238

This Brooklyn property for sale is located at 597 Grand Ave. The current listed sale price for A & O Portfolio is $51,000,000. A & O Portfolio is situated on a lot that is 0.81 acre in size.

Contacts

broker

Fritz Richter

Avison Young - US - NY - New York

Property Details

  • Property Type Multi-Family
  • Property Size 148,485 SF
  • Units 149
  • Lot Size 0.81 Acre
  • Additional Rent Contact for pricing
  • Year Built 1900
  • Date Updated Aug 23, 2024
BrooklynAvison Young, as exclusive agent, is pleased to offer for sale a four-building portfolio (the “Properties”) of multifamily elevator buildings in the heart of Brooklyn’s Clinton Hill and Prospect Heights neighborhoods. The assets are tightly clustered, allowing for a single operator to efficiently manage. The Properties offer a total of one-hundred-and-forty-nine (149) residential units across 148,485± square feet. Of the buildings, two offer expired J-51 Tax Abatements, the third offers an expiring 421-a tax abatement with 4 years remaining, and the fourth property offers a J-51 tax abatement with 10 years remaining. The Properties are being offered together or separately.

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Highlights

  • Ease in Management
  • Value-Add Opportunity
  • Rare Opportunity to Acquire Value-Add Buildings
  • Scalability
  • Meticulous Institutional Management
  • Highly Desirable Sub-Markets

Getting around

  • 95/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 96/100

    Bike Score ®

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Location

  • City Brooklyn, NY
  • Neighborhood Prospect Heights
  • Zip Code 11238
  • Market Brooklyn

Points of Interest

  • International Car Service

    0.12 miles

  • Franklin Avenue

    0.39 miles

  • Eastern Parkway - Brooklyn Museum

    0.40 miles

  • Franklin Avenue

    0.53 miles

  • Clinton-Washington

    0.77 miles

  • brooklyn taxi company

    0.89 miles

  • Arecibo

    0.91 miles

  • Fulton Street

    0.95 miles

  • Kingston–Throop Avenues

    1.14 miles

  • New Bell Car Service

    1.16 miles

  • Sunoco

    0.22 miles

  • Shell

    0.25 miles

  • Mobil

    0.47 miles

  • Tesla Supercharger

    0.54 miles

  • Tesla Supercharger

    0.77 miles

  • BP

    0.93 miles

  • BP

    1.07 miles

  • Shell

    1.12 miles

  • BP

    1.12 miles

  • Shell

    1.13 miles

  • Underhill Garage

    0.18 miles

  • Cielo Garage

    0.41 miles

  • The Brooklyn Museum and Botanic Garden

    0.50 miles

  • Rapid Park

    0.60 miles

  • Garfield Garage

    0.86 miles

  • Car Park Systems

    1.30 miles

  • Ultra Car Park Systems

    1.36 miles

  • Edison ParkFast

    1.51 miles

  • Edison ParkFast

    1.74 miles

  • The Parking Club

    1.81 miles

  • The Brooklyn Hotel

    0.59 miles

  • La Quinta

    0.64 miles

  • The Brooklyn Riviera Hostel

    0.65 miles

  • Best Western

    0.71 miles

  • Union Hotel

    1.10 miles

  • Fairfield Inn

    1.13 miles

  • Towneplace Suites

    1.16 miles

  • Holiday Inn Express Brooklyn

    1.16 miles

  • Even Hotel Brooklyn, an IHG Hotel

    1.24 miles

  • Holiday Inn Brooklyn Downtown

    1.27 miles

  • Ideal Food Basket

    0.13 miles

  • Mahfood Market

    0.14 miles

  • Gala Fresh

    0.23 miles

  • Food Garden Market

    0.35 miles

  • Key Food

    0.36 miles

  • Greene Hill Food Co-op

    0.36 miles

  • Foodtown

    0.37 miles

  • Shop Fair

    0.39 miles

  • Lincoln Market

    0.42 miles

  • Brooklyn Born Mini Market

    0.49 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Fritz Richter

Avison Young - US - NY - New York