A & O Portfolio

597 Grand Ave, Brooklyn, NY 11238

  • For Sale $51,000,000
  • 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 Jun 26, 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

Contacts

broker

Fritz Richter

Avison Young - US - NY - New York

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    96/100 Biker's Paradise
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  • 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

  • Gen

    0.07 miles

  • Udom Thai

    0.07 miles

  • Me Me's

    0.07 miles

  • The Islands

    0.07 miles

  • Puerto Viejo

    0.08 miles

  • Citrico

    0.08 miles

  • Nacho Macho Taco

    0.09 miles

  • Muse

    0.09 miles

  • Mexicocina

    0.10 miles

  • Nimbooda

    0.10 miles

  • Gotham Professional Arts Academy

    0.06 miles

  • Acorn Community High School

    0.08 miles

  • Brooklyn Arts & Science Elementary School

    0.12 miles

  • Exceed Lower School

    0.13 miles

  • M.S. 353 Elijah Stroud

    0.22 miles

  • PS 9 Sarah Smith Garnet School

    0.24 miles

  • Bethel Seventh Day Adventist School

    0.28 miles

  • Luria Academy of Brooklyn

    0.31 miles

  • The Co-op School

    0.36 miles

  • Clinton Hill Middle School

    0.38 miles

  • The Tiny Scientist

    0.17 miles

  • Young Minds Day Care Center

    0.32 miles

  • Sunflower Playhouse

    0.32 miles

  • Wortspiele Montessori Preschool

    0.34 miles

  • Children's Paradise Daycare

    0.34 miles

  • Prospect Kids Academy

    0.34 miles

  • BumbleBeesRus

    0.34 miles

  • Magic Moments Academy

    0.35 miles

  • The Little Cool School

    0.35 miles

  • Robotic Steam

    0.38 miles

Frequently Asked Questions

How much does A & O Portfolio cost?

The space currently listed for sale at A & O Portfolio asks for $51,000,000.

What is the total square footage of A & O Portfolio?

A & O Portfolio totals 148,485 square feet.

When was this property built?

A & O Portfolio was built in 1900.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Fritz Richter

Avison Young - US - NY - New York