The Hanover Portfolio

Address: 252 Schenectady Ave, Brooklyn, NY 11213, USA

Address: 1629 St Johns Pl, Brooklyn, NY 11233, USA

Address: 263 Clifton Pl, Brooklyn, NY 11216, USA

Address: 1631 St Johns Pl, Brooklyn, NY 11233, USA

Apartments | Low-Rise

Created date: September 18, 2023

Date last updated: September 18, 2023

Portfolio Description

The Hanover Portfolio is a collection of four buildings in Bed-Stuy/Crown Heights with a total of 41 residential and two retail units. Of the residential units, only one is rent-regulated with under-market rent and three of the four properties are in protected tax classes (tax-income ratio of ~8.5%). All of the buildings have been renovated within the past ten years and have upside by bringing the rents up to market. As part of the Central Brooklyn Portfolio, these four properties can be sold as a single package or along with up to 14 other buildings. DHCRs and building plans can be provided upon request, and management is open to staying on with a new buyer.

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Broker Details

Nathan Horne Nathan Horne

(706) 255-5657

Portfolio Key Information

Listing Status:	Available
Listing Type:	Highest & best offer
Price:	$ 19,500,000
No. of Units:	43
Building Size:	28473 Sq ft
Opportunity Zone:	No
Price per unit:	$453,488