Our Porfolio
599 Morgan

599 Morgan Ave. Brooklyn NY 11222

Location

  • Greenpoint
  • Brooklyn

Asset

  • Asset Type: Multifamily
  • Total Units/Rooms: 3 / 12

Highlights

  • Gut renovated vacant 3-unit building, converting railroad style 1-bedroom apartments into 4-bedroom, 2-bath apartments with new mechanical, electrical, plumbing, high-end finishes and appliances
  • Completed construction six months after closing
  • Achieved budget, schedule and leasing assumptions
  • Leased property at pro forma

Investment Summary

  • Gross Square Feet: 3,423 SF
  • Aquisition Price: $1,735,000
  • Acquistion PPSF: $506.87

Investment
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