$80M Brooklyn Portfolio Coming to Market

ZT Realty has hired Marcus & Millichap to market a Brooklyn multifamily portfolio consisting of assets in various neighborhoods including Prospect Heights, Crown Heights, Williamsburg and Bedford-Stuyvesant. The seller’s ask is $80 million, with ha 4.6% cap rate. Marcus & Millichap’s Peter Von Der Ahe leads the marketing team.

The portfolio includes 207 units, with 79 of them free-market, 122 rent-stabilized and one rent-controlled unit. Also in the mix is five commercial units. The average monthly rent for the residential units is $1,989. The properties were acquired individually, at different times.

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