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4 Vernon Ave
Brooklyn, NY 11206
Skipp Portfolio · Multifamily Property For Sale
Investment Highlights
- 13 Properties, 216-unit portfolio spanning 231,309 SF across Bedford-Stuyvesant & Crown Heights Brooklyn.
Executive Summary
• 13 Properties, 216-unit portfolio spanning 231,309 SF across Bedford-Stuyvesant & Crown Heights Brooklyn
• 420C Tax Exemption expiring in 2047
• Approximately $23.5M in accretive assumable debt
• 62% of existing capital stack consists either accruing interest or non-paying debt.
• HPD Regulatory Agreement expiring in 2047. AMI Bands Ranging from 40% - 95%
• Recently obtained PHFL Section 610 Amendment allows for significant revenue growth
• 420C Tax Exemption expiring in 2047
• Approximately $23.5M in accretive assumable debt
• 62% of existing capital stack consists either accruing interest or non-paying debt.
• HPD Regulatory Agreement expiring in 2047. AMI Bands Ranging from 40% - 95%
• Recently obtained PHFL Section 610 Amendment allows for significant revenue growth
Property Facts Under Contract
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 231,309 SF |
| Number of Properties | 9 | Total Land Area | 1.66 AC |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 231,309 SF |
| Total Land Area | 1.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1430 Bedford Ave, Brooklyn, NY 11216 | Multifamily | 39,950 SF | 1931 | - |
| 29 Patchen Ave, Brooklyn, NY 11221 | Multifamily | 37,500 SF | 1931 | - |
| 268 Buffalo Ave, Brooklyn, NY 11213 | Multifamily | 33,280 SF | 1924 | - |
| 4 Vernon Ave, Brooklyn, NY 11206 | Multifamily | 24,700 SF | 1931 | - |
| 784-788 Marcy Ave, Brooklyn, NY 11216 | Multifamily | 22,880 SF | 1931 | - |
| 1491 Lincoln Pl, Brooklyn, NY 11213 | Multifamily | 20,400 SF | 1914 | - |
| 16 Vernon Ave, Brooklyn, NY 11206 | Multifamily | 17,533 SF | 1931 | - |
| 12 Vernon Ave, Brooklyn, NY 11206 | Multifamily | 17,533 SF | 1931 | - |
| 8 Vernon Ave, Brooklyn, NY 11206 | Multifamily | 17,533 SF | 1931 | - |
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