LichtensteinRE Retained as Exclusive Broker to Sell Brooklyn Portfolio of 5 brand new properties located in Brighton Beach and Sheepshead Bay.
Riverdale, New York. (May 10th, 2015) LichtensteinRE has been retained on an exclusive basis to sell a Brooklyn portfolio consisting of 5 newly constructed multiuse apartment buildings located at 3051 Brighton Beach 3rd Street in Brighton Beach and at 2971-2979 Ocean Avenue in Sheepshead Bay Brooklyn. The combined asking price is $24,500,000 but offers at all prices are invited.
3051 Brighton Beach 3rd Street in Brighton Beach is a Class “A” top quality 4 Story Elevator Apartment Building Including Mezzanine, built in 2013. It contains 38,000+/- square feet including a five stop elevator, 33 residential apartments and a commercial office. Parking in the area is extremely valuable. It also has an 18 car interior and exterior car parking garage.
2971-2979 Ocean Avenue in Sheepshead Bay consists of four contiguous 3-story mixed use buildings constructed in 2010 with total of 8 apartments and 4 stores. Each building is 20 feet wide and has 1 store and 2 apartments. The properties now consist of 14,600 SF. 28,000 SF is the total buildable square footage. A buyer can vacate and demolish 2 corner properties and construct a new 21,000 SF mixed use property, while enjoying cash flow from the other 2 buildings with their 7,200 SF.
Both properties are located on desirable streets near shopping and popular Russian restaurants. Additionally, tenants have easy access to the beautiful Atlantic Ocean beach and the world famous Boardwalk making high demand summertime rentals a rare commodity. They can maximize summer fun by enjoying fishing, swimming and boating activities and some of the world’s best Oysters and Clams right there in Sheepshead Bay and Coney Island.
The properties are walking distance to the B and Q subway lines and public transportation. Additionally, the properties are located near major streets like Coney Island and Brighton Beach Avenues and the Belt Parkway.
Like all Brooklyn, the neighborhood is experiencing a real estate boom. ”The Borough has become the “darling” of New York City. In the past, New Yorkers came to Brooklyn because Manhattan was too expensive to afford, but now people come here as a principal destination,” said Andrew Lichtenstein.
The property is being marketed exclusively by Andrew Lichtenstein, Inc. LichtensteinRE has been actively selling multifamily property for its clients in and around New York City.
LichtensteinRE specializes in the exclusive sales of multifamily and mixed use commercial real estate properties in New York City’s 5 boroughs. LichtensteinRE is a full service Commercial Real Estate Sales, Financing and Advisory Service Boutique based in New York City, the financial capital of the world. LichtensteinRE’s proven experience, track record, financing ability, exclusive buyers and connections with tens of thousands of property owners assures their selling clients the best possible price when a landlord owner wants to sell their property.
DoctorMortgage, which is LichtensteinRE’s financing division, has been a leader in commercial real estate mortgage debt financing since 1991. DoctorMortgage is able to negotiate and facilitate financing to deliver the best price, leverage and return on investment possible.
LichtensteinRE’s greatest ability is creativity and problem solving. After selling the owner’s property, LichtensteinRE has assisted successful sellers in locating replacement 1031 tax deferred exchanges and in some cases has more than doubled the seller’s net income post-closing. To learn more contact Andrew Lichtenstein at (800) 242-9888 or AL@LichtensteinRE.com