A & O Portfolio

597 Grand Ave, Brooklyn, NY 11238

  • For Sale $51,000,000
  • Property Type Other
  • Units 149
  • Year Built 1900
  • Date Updated Jan 23, 2025

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

Contacts

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    93/100 Biker's Paradise
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  • 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

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 square feet.

When was this property built?

A & O Portfolio was built in 1900.

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