Rockpoint, Lincoln Property Acquire Luxury Williamsburg Rentals

Boston-based Rockpoint has acquired 56 N. 9th St., a luxury residential property located in the Williamsburg submarket of Brooklyn. Rockpoint acquired the property in partnership with Lincoln Property Company. Financial terms of the transaction were not disclosed. A JLL Capital Markets team led by Nicco Lupo, Lauren Kaufman and Devon Warren represented the borrower and arranged the financing.

Developed in 2019, the multifamily property comprises 45 apartments and also features approximately 30,000 square feet of fully leased retail. Apartments feature floor-to-ceiling windows, spacious layouts and hardwood oak flooring throughout, as well as condo-quality finishes, according to Rockpoint

“We are pleased to add 56 N. 9th St. to our residential portfolio,” said Dan Domb, managing member and COO at Rockpoint. “Investing in a recently constructed property that combines amenity-rich living with versatile on-site retail spaces – in one of New York’s most compelling and sought-after submarkets – offers a unique opportunity to deliver value for our tenants. We look forward to working with the team at Lincoln Properties to improve operations and enhance the tenant experience at this property.”