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REA
October 30, 2019  

Builder Shows Brooklyn Apartments

A developer is marketing two luxury apartment buildings in Brooklyn’s Clinton Hill neighborhood that together could fetch up to $60 million.The properties have a total of 72 units, which are 97% occupied, and 8,100 square feet of fully leased retail space. At the estimated value of $833,000/unit, a buyer’s initial yield would be roughly 5%. The local owner, Greystone Development, has given the listing to JLL.The buildings were...


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