Adelaide Polsinelli Brings Flatbush Mixed-Use Portfolio to Market
Adelaide Polsinelli, vice chairman of Compass, has been exclusively retained to market for sale a portfolio of multifamily and retail buildings. All are located on Nostrand Avenue in Flatbush, one of Brooklyn’s most vibrant and rapidly expanding neighborhoods.
These mixed-use properties consist of eight free-market apartments and three retail spaces. All of the apartments consist of four bedrooms with two bathrooms. The properties are fully occupied with the exception of one store. The properties also benefit from the availability of air right for future development or to increase the residential component.
“This opportunity will allow an investor to purchase a turnkey, cash-flowing, property with the ability to raise rents upon turnover in the apartments,” said Polsinelli. She added, “Consistent demand for free-market multifamily assets with low real estate taxes makes this deal the perfect candidate for any investor’s portfolio.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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