Listing Summary
A rare and prestigious acquisition opportunity featuring a four-building portfolio strategically located across New York City’s most resilient submarkets.
Full Description
This diverse collection of assets blends immediate, stabilized cash flow with aggressive value-add potential. Comprising approximately 200 units (including ~170+ residential units and a commercial component), this portfolio is perfectly structured for institutional investors or private equity groups looking for scale, high free-market exposure, and long-term redevelopment upside.
Portfolio Snapshot
| Feature |
Details |
| Total Units |
200 (Residential + Commercial) |
| Asset Count |
4 Strategic Buildings |
| Current Cap Rate |
6.00% (Blended) |
| Investment Type |
Value-Add / Repositioning |
| Ground Lease |
No (Fee Simple) |
| Stories |
Up to 8 Stories |
Asset Composition & Investment Strategy
1. The Core Anchor – Stabilized Multifamily
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Capacity: ~50 Residential Units.
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Profile: Recently renovated with a high-quality tenancy profile and 85–90% free-market exposure.
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Role: Serves as the portfolio’s bedrock, providing stable cash flow and significant downside protection with minimal deferred maintenance.
2. The Scalable Engine – Multifamily Assemblage
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Capacity: ~100+ Units across three contiguous buildings.
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Profile: A mix of occupied and deregulated units with a rare contiguous footprint.
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Role: Institutional-grade scalability offering massive operational upside and future assemblage potential.
3. The Growth Catalyst – High-Vacancy Value-Add
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Capacity: ~20 Units.
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Profile: Delivered 90% vacant, providing a "clean slate" path to full renovation.
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Role: Forced appreciation play; allows for a rapid increase in Net Operating Income (NOI) by leasing up at current market rents.
4. The Strategic Flex – Commercial Repositioning
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Capacity: ~7,500 SF Commercial Building.
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Profile: Delivered fully vacant at closing; ideal for retail, boutique office, or full-scale redevelopment.
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Role: High-demand corridor location offering maximum optionality for owner-users or developers.
Execution Strategies
This portfolio is uniquely positioned to allow for multiple exit or management paths:
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Full Portfolio Acquisition: Immediate market entry with institutional scale.
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Phased Repositioning: Strategic capital improvements to vacant units to capture rent premiums.
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Strategic Recapitalization: Flexibility to hold for yield or exit via individual asset sales.
Investment Note: This offering represents a rare NYC "hybrid" play—combining the safety of a 6% yield with the aggressive upside of high-vacancy and contiguous redevelopment opportunities.
Quick Glance
- Listing ID:
CL-New York-27572
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
N/A