Ekip nou an te retni sou yon baz eksklizif pou fasilite vant 485 E. 28th Street ak 1463 New York Avenue, yon pè nouvo devlopman ki gen 33+ ane ki rete sou 421a Tax Abatements yo nan Flatbush ki ap fleri.

Chak bilding asansè gen 18 inite sou anviwon 17,000 pye kare epi li sitiye jis de blòk soti nan liy métro 2/5 la. Avèk fini ki gen kalite condo ak plizyè balkon prive, toude pwopriyete yo konplètman elektrik, pwòp, efikas, ak fasil pou jere. Gen plis avantaj atravè aktivasyon espas basement ak do kay pou sèvis adyo, toutotan espas pou kominote yo ka pèmèt konvèsyon rezidansyèl nan tan kap vini an anba chanjman resan nan Vil Yes/UAP la.

Lwaye nan Flatbush te ogmante apeprè 22% pandan twa dènye ane yo, ak nivo mache aktyèl pou nouvo devlopman yo ap varye anviwon $62/SF. Batiman ki okipe 95% sa yo ofri yon bon revni an plas ak yon potansyèl klè pou pote inite ki anba mache a nan lwaye plen. Yo mande yon 6-cap ak yon prete ki la ki dispoze pou finansman ki pi pre a 5.5%, yo prezante yon opòtinite ra pou akeri byen ki mande ti antretyen, ki gen yon long tèm, ak yon koule lajan ki estab ak yon avantaj enpòtan. Disponib endividyèlman oswa kòm yon pòtfòlio.

Our team has been retained on an exclusive basis to facilitate the sale of 485 E. 28th Street and 1463 New York Avenue, a pair of new developments with 33+ years remaining on their 421a Tax Abatements in thriving Flatbush.

Each elevator building includes 18 units across roughly 17,000 square feet and is located just two blocks from the 2/5 subway line. Featuring condo-quality finishes and multiple private balconies, both properties are fully electric, clean, efficient, and easy to manage. There’s additional upside through activation of the basement and roof areas for amenities, and the community facility spaces may allow for future residential conversion under recent City of Yes/UAP changes.

Rents in Flatbush have risen approximately 22% over the past three years, with current market levels for new development averaging around $62/SF. These 95% occupied buildings offer strong in-place income with clear potential to bring under-market units to full rent. Asking a 6-cap with a lender in place willing to finance closer to 5.5%, they present a rare opportunity to acquire low-maintenance, long-term assets with stable cash flow and meaningful upside. Available individually or as a portfolio.