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.

Contacts

broker
Patrick Madigan

Avison Young - US - NY - New York

broker
Joseph Moran

Avison Young - US - NY - New York

broker
James Nelson

Avison Young - US - NY - New York

broker
Brandon Polakoff

Avison Young - US - NY - New York

broker
Fritz Richter

Avison Young - US - NY - New York

broker
Miles Davis-Bosch

Avison Young

Property Details

  • Property Type Other
  • Units 149
  • Additional Rent Contact for pricing
  • Year Built 1900
  • Date Updated Dec 17, 2024

Avison 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

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 93/100

    Bike Score ®

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Location

  • City Brooklyn, NY
  • Neighborhood Clinton Hill
  • Zip Code 11238
  • Market Brooklyn

Points of Interest

  • International Car Service

    0.21 miles

  • Clinton-Washington

    0.44 miles

  • Franklin Avenue

    0.45 miles

  • Classon Avenue

    0.53 miles

  • brooklyn taxi company

    0.60 miles

  • Eastern Parkway - Brooklyn Museum

    0.67 miles

  • Eastern Parkway–Brooklyn Museum

    0.68 miles

  • Bedford–Nostrand Avenues

    0.78 miles

  • Nostrand Avenue Station Entrance

    0.82 miles

  • Arecibo

    0.87 miles

  • Sunoco

    0.16 miles

  • Shell

    0.36 miles

  • Tesla Supercharger

    0.56 miles

  • Mobil

    0.59 miles

  • Citgo

    0.87 miles

  • BP

    1.06 miles

  • Xpress Lane

    1.11 miles

  • Emporium

    1.13 miles

  • plugNYC

    1.36 miles

  • Revel

    1.44 miles

  • Cielo Garage

    0.12 miles

  • Underhill Garage

    0.31 miles

  • Rapid Park

    0.74 miles

  • The Brooklyn Museum and Botanic Garden

    0.78 miles

  • Garfield Garage

    0.92 miles

  • Edison ParkFast

    1.29 miles

  • Car Park Systems

    1.45 miles

  • Ultra Car Park Systems

    1.50 miles

  • NYPD Brooklyn Tow Pound

    1.55 miles

  • The Parking Club

    1.60 miles

  • Illumination Bed & Breakfast

    0.28 miles

  • The Brooklyn Hotel

    0.72 miles

  • La Quinta

    0.77 miles

  • The Brooklyn Riviera Hostel

    0.87 miles

  • Union Hotel

    1.01 miles

  • EVEN Hotel

    1.01 miles

  • Fairfield Inn

    1.01 miles

  • Holiday Inn Brooklyn Downtown

    1.04 miles

  • Sonder: The Industrialist

    1.05 miles

  • Towneplace Suites

    1.10 miles

  • Key Food

    0.09 miles

  • Mahfood Market

    0.19 miles

  • Wholesome Farms Market

    0.21 miles

  • Greene Hill Food Co-op

    0.31 miles

  • Waverly Urban Market

    0.38 miles

  • Ideal Food Basket

    0.39 miles

  • Shop Fair

    0.40 miles

  • Foodtown

    0.41 miles

  • Lincoln Market

    0.47 miles

  • The Food Emporium

    0.48 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.

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