Clipper Equity’s sprawling Flatbush apartment complex is hitting the market and could fetch up to $425 million, sources said. The Brooklyn developer is putting its 2,494-unit, 21-acre Flatbush Gardens development up for sale after owning it for over 15 years. The apartments are rent-stabilized and 38 percent are rented at preferential rents, averaging 25 percent below the legal rents, according to marketing materials. The sale could be among the largest multifamily deals in Brooklyn in
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Brooklyn, flatbush, Investment Sales, Multifamily Market, Rent stabilization The Real Deal New York Read More
