On the Market: 5 Interesting Listings for the Week of 7/24
This week's listings include a newly constructed LEED Platinum community in Portland and an 1899 brownstone in the Williamsburg section of Brooklyn, N.Y..
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Brooklyn Yard
Location:Â Portland, Ore.Â
Units: 46
Avg. rent: $1,563
Avg. Unit Size: 601 SF
Rentable SF: 27,643
Features:Â Built in 2016; located on 0.33 acres; includes 2,007 square feet of retail space; LEED Platinum design; secure structured parking; transit oriented location with access to Trimet Orange Line; amenities include quartz countertops, stainless steel appliances, sliding barn doors made of reclaimed wood, custom wood cabinetry and a community room; walkable to restaurants and retail.
Contact:Â Robert Black, ARA Newmark, 503-575-9550
24 Monroes Apartments
Location:Â Phoenix, Ariz.
Price: $580,000
Price/Unit: $36,250
Units:Â 16
Features:Â Built in 1942; located within a five minute walk to Phoenix Metro Lightrail; opportunity for $1,700 per month revenue increases as old leases expire; located within one mile of Honeywell Aerospace global HQ, St. Luke’s Medical Center, Phoenix Sky Harbor airport, Maricopa Integrated Health System and Celebrity Theater.
Contact:Â Nathan Bruer, ABI Multifamily, 602-761-9328
University Suites
Location:Â Greenville, N.C.
Units: 171
Beds: 504
Net Rentable SF: 242,649
Avg. Unit Size: 1,419 SF
Features:Â Top tier amenities in place allow new ownership to focus on interior upgrades to drive revenue growth; opportunity for revenue growth with upgraded light fixtures, furnishings, cabinetry and appliances; townhome-style floor plans; market rents are $160 less than comparable properties; 85 percent occupied as of July 17, 2017; located within close proximity to Greenville/East Carolina University (ECU); property shuttle and university bus route provide access to ECU campus.
Contact:Â Ryan Lang, ARA Newmark, 512-637-1296
52 S. 6th St.Â
Location:Â Brooklyn, N.Y.
Price: $3.6 million
Building Size: 3,280 SF
Price/Unit: $898,759
Units:Â 4
Features:Â Built in 1899; located in Williamsburg near the East River on quiet, tree-lined street; restored historic property with original wide plank wood flooring, mahogany banisters, intricate entryway tiles, detailed moldings and ceiling medallions, marble fireplaces and French doors throughout; front and rear gardens designed by Fairweather Gardens; transportation options include J, M, Z, and L trains, buses and East River ferry.
Contact:Â Minette LeBlanc, The LeBlanc Organization, 718-782-8454
Villas at Cedar Creek
Location:Â Jacksonville, Fla.Â
Price: $4.8 million
Price/Unit: $40,677.97
Building Size: 119,426
Units:Â 118
Features:Â Located on more than 5 acres of land; property consists of two-story masonry-constructed buildings; unit mix consists of 20 one-bedroom units, 78 two-bedroom units and 20 three-bedroom units; overall average unit size of 1,012 square feet; located less than three miles from Interstate 10 and within close proximity of Metal Container Corp., Black Knight Financial Services, CSX Corp., Naval Air Station Jacksonville and Cecil Commerce Center.Â
Contact:Â Cole Whitaker, Berkadia, 407-481-2126
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