Our Porfolio
562A Morgan

562A Morgan Ave. Brooklyn NY 11222


  • Greenpoint
  • Brooklyn


  • Asset Type: Multifamily
  • Total Units/Rooms: 4 / 12


  • Negotiated settlement with holdover tenant and started construction two months after closing.
  • Finished design drawings and acquired permits during negotiations
  • Gut renovated 4-unit building, converting railroad style 1-bedroom apartments into 3-bedroom, 2-bath apartments with new mechanical, electrical, plumbing, high-end finishes and appliances
  • Completed construction eight months after closing
  • Exceeded budget, leasing and permanent financing assumptions

Investment Summary

  • Gross Square Feet: 3,870 SF
  • Aquisition Price: $1,800,000
  • Acquistion PPSF: $465.12

Working with institutions, family offices, and accredited private investors

Astral has a remarkable pipeline of opportunities and experience to execute using our rigorous proprietary process to underwrite, design, develop, market, and stabilize. We have a successful track record and look forward to partnering with you.

Contact Investor Relations