Jackie Robinson Park Portfolio Multi-Family FOR SALE


New York, NY - Central Harlem
$47,000,000 USD
212-544-9500
, New York, NY for Sale
$47,000,000 USD
Multi-Family - FOR SALE
1/5
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Jackie Robinson Park Portfolio
New York, NY
Central Harlem


OVERVIEW

Value-Add Opportunity • Recent 610 Amendment to existing regulatory agreement allows for significant revenue growth • 42% of units occupied by voucher tenants (78 TBVs) In-Place Debt • $30.4M in existing debt at a 3.25% interest rate maturing on 12/1/2027 Long Term Tax Benefit • 2.5% Gross Rent Tax in place until 2060 Mission Driven Housing • Article XI Regulatory Agreement in place until 2060 - Servicing tenants from 45% - 110% AMI Location & Accessibility • Portfolio encircles the iconic Jackie Robinson Park, offering a vibrant and historic setting Scale & Configuration • Five (5) Building, 184-unit Portfolio located within 1/2 mile radius of each other Transportation • A, B, C, D

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

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Victor SozioAriel Property AdvisorsMore Info
212-544-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.