On the Market: 5 Interesting Listings for the Week of 12/26

Recent listings include rustic-inspired townhomes catering to students at Appalachian State University and a community that formerly served as Florida's original Cuban Consulate.
  • by the Editors of Multi-Housing News | Dec 30, 2016

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.

bk128 South 1st St.

Location: Brooklyn, NY

Price: $3.5 million

Price/Unit: $893,750

Building Size: 6,000 SF

Units: 4

Features: Prime location in Williamsburg on South 1st St. between Bedford Avenue and Berry Street, steps from the L train; preserved historic facade; interior renovations conducted 15 years ago; owner’s unit has open concept living and dining area and 10-foot ceilings; units comprised of owner’s unit, one one-bedroom unit and two two-bedroom units; each unit yields free market rent and has separate utilities; first floor can be converted to retail space.

Contact: Antonia Watson, Corcoran Group, 347-768-5952

paThe Lofts and Residences at Ribbon Place

Location: York, Pa.

Price: $6 million

Price/Unit: $94,531.25

Building Size: 94,168 SF

Units: 64

Features (Loft Building): Property consists of two adjacent loft-style buildings; completed in 2008; fitness center; resident lounge; units have original hardwood floors, exposed brick and wood beams and in-unit washers and dryers; current setup consists of 10 market-rate apartments on the fourth floor and 32 student apartments on the first through third floors; property is located near Penn State York, York College of Pennsylvania and YTI Career Institute.

Features (Residences): Completed in 2013; comprised of 22 loft-style apartments marketed to professionals; units contain high-end finishes, stainless steel appliances and full-sized in-unit washers and dryers.

Contact: Matthew Stefanski, Berkadia, 215-328-1339

caThe SouthSide Villas

Location: Atascadero, Calif.

Price: $22.9 million

Price/Unit: $310,743.24

Building Size: 85,813 SF

Units: 74

Features: Condominium community consisting of 12 separate buildings; buildings A, B and C are stacked, single-level two-bedroom/two-bath condos in a duplex layout with covered carport parking and a private patio or balcony; buildings D-L consist of new three-bedroom/two-and-a-half-bath units, each with private garage and balcony; desirable location between San Francisco and Los Angeles.

Contact: Jon Holmquist, Marcus & Millichap, 415-625-2117

forrestForrest Edge Townhomes

Location: Boone, NC

Price: $9.3 million

Price/Unit: $283,363.64

Building Size: 49,368 SF

Units: 33

Features: Student housing positioned to serve Appalachian State University, which enrolls approximately 18,000 students but houses only 5,600; 132 beds in 33 four-bedroom, four-bathroom suites; student bus stop on-site; units contain granite countertops, stainless steel appliances, wood floors and tiled bathrooms; currently 100 percent occupied.

Contact: Greenspon Listings, Marcus & Millichap, 919-808-2801

cubaCuban Consulate

Location: Key West, Fla.

Price: $2.6 million

Price/Unit: $375,714.29

Building Size: 4,036 SF

Units: 7

Features: Property consists of two side-by-side buildings with a pool and driveway between them; Eaton St. building was the original Cuban Consulate built in 1889 and contains three rental units each with covered porches, stained-glass accents and wood finishes; Grinnell St. building was constructed in 1930 and houses four units; zoning allows for commercial use of ground floor of Eaton St. building; located in close proximity to restaurants and offices.

Contact: Claude J. Gardner, Jr., Berkshire Hathaway Knight & Gardner, 305-766-3133