OVERVIEW 145 Henry Street and 15-19 Wyckoff Street | Brooklyn, NY 83-Unit Value Add Multifamily Henry Street: 43-Unit Elevator Building Wyckoff Street: 40-Unit Walk-Up Building ~33% Rent Regulated ± 66,500 SF Total Seller Representation Approximate In-Place Cap Rate of 3.2% Sale Price: $36,650,000 ($550/SF) For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client The client was a second-generation owner/operator who wanted to retire and get…
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NYC Developer Partners with an Institutional Capital on 75,000 SF Senior Housing Development Site
OVERVIEW 1622-1632 York Avenue | New York, NY ± 75,000 SF Development Site (Senior Housing) Buyer Representation Sale Price: $46,500,000 For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client Engel Burman Group, a local developer and senior housing operator, alongside institutional capital partner, Harrison St Real Estate Capital. The Challenge Due to the specific programming, unit sizes, and zoning constraints; the client had provided us…
Comprehensive Nature and Transparency of Diligence Available Opens the Investor Pool for NYC Multifamily Asset
OVERVIEW 308 West 82nd Street | New York, NY 49 Unity Multifamily Asset ~30% Rent Regulated ± 25,000 SF Seller Representation Sale Price: $18,650,000 ($746/SF) For more information regarding this case study, please contact: CHRIS VARJAN D (212) 776-1272 Email // Resume The Client Lee & Associates NYC represented the seller, a high net worth individual with global holdings, who sought liquidity in a turbulent real estate market. The Challenge This assignment was one of…
Value Add Multi-Tenant Industrial Park Sale
OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D (760) 448-2453 Email // Resume CHRIS ROTH D (760) 448-2448 Email // Resume JAKE RUBENDALL D (760) 448-1369 Email // Resume The Client Focus Real Estate, LP, formed in April…
Medical Practice Relocation Yields an Income-Producing Asset in Cincinnati, Ohio
OVERVIEW 11001-11039 Montgomery Road | Cincinnati, OH 21,965 SF (Two-Story) Built: 1987 Renovated: 2010 Sale Price: $1,236,700 Buyer Representation For more information regarding this case study, please contact: DAN MCDONALD D (513) 588-1113 Email // Resume The Client Montgomery Family Medicine had outgrown their existing space and wanted to evaluate nearby sites for an expansion of their 40-year-old medical practice. At that time, the physicians expressed an interest in owning – rather than leasing -…