280 21St StBrooklyn, NY 11226

This exceptional multifamily investment opportunity comprises a portfolio of 21 buildings totaling 1,194 units and over 1.1 million square feet. Strategically located across Brooklyn and the Bronx, these properties benefit from convenient access to major employment hubs, including Midtown Manhattan and the Financial District (30-45 minute subway commute), as well as the Brooklyn Tech Triangle and Long Island City (20-40 minute commute). The portfolio includes 233 parking spaces and sits on a combined lot size of 266,248 square feet. A recent amendment to existing regulatory agreements allows for substantial revenue growth potential. Currently, 46% of units are occupied by voucher-based tenants. The portfolio also benefits from a 1% gross rent tax, with the latest benefit expiring in 2059. This value-add opportunity presents a compelling investment prospect in a high-demand market with significant upside potential. The properties are zoned R7-1, R7-1, R6 R7A, and R7-1, offering flexibility for future development or improvements. The portfolio's prime locations within their respective neighborhoods provide excellent accessibility to public transportation and various amenities. This is a rare chance to acquire a substantial, well-positioned affordable housing portfolio in one of the nation's most dynamic real estate markets.