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Park Affordable Portfolio
Brooklyn, NY Sunset Park

Price Upon Request

Multifamily For Sale  •  193,404 SF

6 Properties View all

Property Details

  • Property Type Multifamily
90 Transit Score
100 Walk Score

Highlights

Six-building portfolio with 229 units concentrated in Borough Park.
Protected with a 40-year Article XI tax exemption for ultra-low taxes.
$19M invested in upgrades, reducing near-term capital expense needs.
Immediate rental upside via 610 Amendment rent mark-up provisions.
Excellent transit access with 30-minute commute to Manhattan via D train.
Diverse unit mix including Project-Based Voucher and free market units.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
14 min - 4.5 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 15 min - 5.3 mi
Transit/SubwayDriveWalkDistance
Fort Hamilton Parkway (D,M Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 9 min 0.5 mi
50 Street (D,M Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 10 min 0.5 mi
9 Avenue (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 11 min 0.6 mi
8 Avenue (N - New York MTA Subway (The Subway)) 3 min 15 min 0.8 mi
55 Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 4 min 15 min 0.8 mi
AirportDriveWalkDistance
John F Kennedy International 28 min - 14.5 mi
LaGuardia 30 min - 15.1 mi
Newark Liberty International 34 min - 18.6 mi
Victor Sozio 212-544-9500 Ariel Property Advisors
Victor Sozio 212-544-9500 Ariel Property Advisors