Multi-Family

25 East 21st Street
$2,900,000
Raven Property Advisors has been exclusively retained to sell 25 East 21st Street, located in the Prospect Park South neighborhood of Brooklyn. A four-story walkup apartment building with 45 feet of frontage, the property is comprised of 12 residential units across approximately 15,300 gross square feet. The property is excellently located one block from the Q subway line at Parkside Avenue and a short walk to the 2 & 5 subway line on Nostrand Avenue, providing express access into Downtown Brooklyn and Manhattan, and just a short walk from Prospect Park.
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90 East 18th Street
$3,950,000
Raven Property Advisors has been exclusively retained to sell 90-92 East 18th Street, located in the Prospect Park South neighborhood of Brooklyn. A four-story walkup apartment building with 80 feet of frontage, the property is comprised of 19 residential units across approximately 21,000 gross square feet. The property is excellently located one block from the B and Q subway line, providing express access into Downtown Brooklyn and Manhattan, and a short walk from Prospect Park.
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222-224 East 51st Street
$9,800,000
222-224 East 51st Street is a 35-foot wide, seven-story walkup, mixed-use building comprised of 26 apartments and two retail stores located between Second and Third Avenues in Midtown East, Manhattan. The building contains approximately 18,450 gross square feet, with a mix of one and two-bedroom units (15 FM / 11 RS). Offered to the market for the first time in over 70 years, this presents a rare opportunity to acquire a predominantly free market asset with immediate upside in income via mark-to-market of existing rents.
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209 Butler Street
$1,850,000
Raven Property Advisors has been exclusively retained to sell 209 Butler Street in Gowanus, Brooklyn. The property, located between Nevins Street and 3rd Avenue, is an approximately 25’ feet wide by 100’ feet deep lot with approximately 5,000 buildable square feet. Zoned both R6B & M1-4, 209 Butler is nestled in the center of Gowanus, which has plans for approximately 8,000 new housing units. It is located a few blocks away from Atlantic Avenue Barclays Center transportation hub (2, 3, 4, 5, B, D, N, Q, R and W Trains). All zoning information and buildable square footage should be independently verified by an architect or zoning attorney.
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1537 Nostrand Avenue
$1,600,000
1537 Nostrand Avenue is a 3,200 square foot, three-story mixed-use building located between Snyder and Tilden Avenues in Flatbush, Brooklyn. The building contains two residential units and one currently occupied retail store that can be delivered vacant. Both apartments have been moderately renovated, have split system heat/AC and currently configured as 2 Bedroom, 1 Bathroom units, and all tenants pay for their own utilities. The property is located a short walk from the Church Avenue [2/5] subway stops and the Nostrand Ave/Church Ave B44 bus stop.
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132-134 East 64th Street
Under Contract
Raven Property Advisors has been exclusively retained to sell 132 & 134 East 64th Street, located on the Upper East Side of Manhattan. Under the same family ownership for 60+ years, these buildings offer the user or investor a unique "blank canvas" opportunity to renovate and reconfigure the assets in a myriad of ways such as: turn-key single-family mansion, boutique condo development, or gut-renovated, high end multifamily rental property. The buildings are comprised of 7,200 gross square feet with an additional 12,000+ square feet of unused air rights. Moreover, they will be delivered 100% vacant, allowing for immediate occupancy or construction. The properties are offered individually or together.
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63-88 Woodhaven Boulevard
$5,650,000
Raven Property Advisors has been exclusively retained to sell 63-88 Woodhaven Boulevard, aka 86-96 Fleet Court, a 6,625 square foot single-story commercial building on a 10,700 square foot lot with rear parking. The property is located on the corner of Woodhaven Boulevard and Fleet Court and has 100 feet of frontage. The property will be delivered completely vacant and includes a full cellar with office space and storage, making the usable square footage of the property over 12,000 square feet. There are approximately 15 parking spaces in the rear of the property, and located along the main Woodhaven Blvd thoroughfare directly in front of a bus stop. The property offers immediate access to I-495, the Jackie Robinson Parkway and Queens Boulevard.
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140 7th Avenue
SOLD
140 7th Avenue, located in Park Slope, Brooklyn, is an approximately 3,547 square foot commercial building with a total of 8,445 buildable square feet. A 25.33’ x 111’ lot, zoned R6A / C1-4, the property is poised for a mixed-use redevelopment located on one of the most prime retail and residential corridors in Brooklyn. The property benefits from being within immediate walking distance to express subway transportation, Prospect Park, and is located on the major retail corridor within Park Slope.
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2904 Atlantic Avenue
$2,350,000
2904 Atlantic Avenue is a 15-unit, 9,000 SF corner mixed-use building located in the East New York neighborhood of Brooklyn. The property contains fourteen (14) rent stabilized apartments, a seafood market leased through 2036 with annual increases, and a billboard. The property is conveniently situated a few blocks away (4 min walk) to the J Train and the M Train at Cleveland Street. There are approximately $30,000 of yearly preferential rents throughout the 14 apartments, and the property has an additional 6,604 square feet of air rights. Offered at a true 6% cap rate, the property offers stable and financeable cash flow.
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5-14 50th Avenue
SOLD
Raven Property Advisors has been exclusively retained to sell 5-14 50th Avenue, a 25-foot wide 6-unit, 3,750 SF walkup apartment building located in the Long Island City neighborhood of Queens. The property contains six (6) one-bedroom apartments and 5 out of the 6 apartments are rent-stabilized. The property is ideally located in the burgeoning Long Island City neighborhood, one block from the Vernon Boulevard/Jackson Avenue [7] train, the LIRR train station, and the Hunter’s Point waterfront.
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18-12 Menahan Street
SOLD
Raven Property Advisors has been exclusively retained to sell 18-12 Menahan Street, a 40-foot wide 16-unit, 16,300 SF walkup apartment building located in the Ridgewood neighborhood of Queens. The property contains sixteen (16) apartments and is 100% rent-stabilized. There is a well balanced unit mix of 3BR and 2BR apartments, and is located within close proximity to the M Train at Seneca Avenue & L/M Trains at Myrtle-Wyckoff.
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25 Lexington Avenue
SOLD
25 Lexington Avenue is a 5-story free market luxury elevator multifamily building with 23 units located in Clinton Hill, Brooklyn. The property was converted in 2019 and features 2 elevators, common roof terrace, laundry room, tenant lounge and game room, and a fitness center. 8 of the 23 units have private outdoor space and 5 of the units have the ability to easily add an extra bedroom – each of these units already have an additional bathroom. Current rents average approximately $40/SF, which are between 10-20% below market, depending on the unit. The property is located on a quiet street with immediate walking distance to the C and G trains, Fulton Street retail corridor, and Fort Greene Park.
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350 5th Street
SOLD
350 5th Street is a 25-foot wide 8-unit, 6,300 SF walkup apartment building located in Park Slope, Brooklyn. The property contains four (4) free market apartments and four (4) rent stabilized apartments. The four free market apartments have been fully gut renovated with all new floors, appliances, kitchens and bathrooms and washer/dryers. The four RS units remain unrenovated. There is a full basement with high ceilings that is currently not being utilized and could be used to generate additional income through tenant storage or other building amenity. The property is located off 5th Avenue in prime Park Slope and is within immediate walking distance to the F/G and R trains and Prospect Park. It benefits from being in Protected Tax Class 2B, as well as be semi-detached and having full window light on the west side of the building.
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340 Clifton Place
$16,000,000
340 Clifton Place, known as the Lafayette House, is a 15 unit free market apartment building. The building is fully turnkey with a complete renovation and subrehab of the entire building and apartments. The property offers assumable, fixed-rate, low interest rate financing, for an attractive in-place cash-on-cash return.
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115 Van Brunt Street
SOLD
Raven Property Advisors has been exclusively retained to sell 115 Van Brunt Street, on the border of Carroll Gardens and Red Hook in the Columbia Street Waterfront District. The property is an approximately 4,800 gross square foot mixed-use building with six (6) residential apartments and one (1) commercial space. The apartments are all rent stabilized one-bedrooms, and the store is currently vacant. The property is built 20’ x 60’, and there is access to a backyard through the residential entrance.
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756 Union Street & 209 6th Avenue
SOLD
756 Union Street, aka 209 6th Avenue, in Park Slope, Brooklyn is an approximately 11,000 square foot corner with 133 feet of wrap around frontage, consisting of 12 total residential apartments and a ground floor grocery store, Union Market. Located on the corner of 6th Avenue and Union Street in Park Slope, the property has a total 7 free market apartments and 5 rent stabilized apartments with two separate entrances – one on 6th Avenue and one on Union Street. It is located within walking distance to Prospect Park, Barclay's Center, and the D, R, B, Q, 2 & 3 subway lines.
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5723 5th Avenue
SOLD
5723 5th Avenue is a 10,200 square foot, three-story mixed-use building with seven (7) apartments and two (2) commercial spaces located in Sunset Park, Brooklyn. The property is located two blocks from the 59th Street [N/R] subway station, and has over 125 feet of wrap around frontage. The building was fully renovated in 2015 and benefits from being in a protected 2A tax class.
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1 South Oxford Street
SOLD
1 South Oxford Street is an 11-unit, 5-story walkup apartment building located on the corner of South Oxford Street and Dekalb Avenue. The building is uniquely situated directly across the street from Fort Greene Park and within walking distance to Long Island University Brooklyn, Pratt Institute, Barclays Center and Atlantic Terminal. The buildings provides immediate walking proximity to subway lines 2, 3, 4, 5, B, Q, R, C and G. The 5,500 square foot property has eleven rent stabilized apartments across five floors and is fully occupied, providing stable, long-term financeable cash floor at a strong basis.
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84 Hoyt Street
SOLD
84 Hoyt Street is a value-add mixed-use building with one commercial space and 3 residential apartments. The commercial space is currently leased to a deli/restaurant. All three apartments are rented below market and are in need of full gut renovation. The building is well located in Boerum Hill, Brooklyn, one block away from the A/C/G Subway line, on a block with other restaurants and considerable foot traffic.
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213-215 Union Street
SOLD
213-215 Union Street is a three-story, 37 foot wide mixed-use building with two fully renovated apartments and a ground floor restaurant. The property is exceptionally well located in Brooklyn’s Carroll Gardens neighborhood, an upscale and supply constrained enclave that maintains consistently high rents.
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1396-1410 Myrtle Avenue
SOLD
1396-1410 Myrtle Avenue is a 24,125 square foot commercial building containing 9 commercial units and 2 free market apartments across two contiguous tax lots. The property is fully leased and requires minimal management. Each tenant pays for their own heat and electric, and many tenants have real estate tax reimbursements. The combined buildings contain 300 feet of wrap around frontage on Myrtle and Greene Avenues.
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175 Smith Street
SOLD
175 Smith Street is a free-market mixed-use building with one commercial space and two renovated apartments. The property is located in prime Cobble Hill, Brooklyn, less than one block from the Bergen Street F/G subway station. Both apartments are fully renovated 2-bedroom, 1-bathroom units with new kitchens, bathrooms and washer/dryers, and the 2nd floor apartment has a large outdoor terrace. Each tenant pays for their own fuel and utilities, with individual hot water heaters and gas boilers, and the commercial tenant has individual PTAC units for heating and cooling.
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139 Tompkins Avenue
SOLD
139 Tompkins Avenue is a 5,800 square foot, vacant four-story mixed-use building located on Tompkins Avenue in Bed-Stuy. The property is currently configured as 7 apartments and 1 commercial unit. There is one residential apartment on the first floor, and two apartments per floor on floors 2-4.
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