Listing Features 96 Units Across 86,000 SF

 

NEW YORK —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, recently listed a 15-building multifamily portfolio in New York City within the Bushwick and Ridgewood neighborhoods. The asset is exclusively listed by Matthews™ Executive Vice President DJ Johnston, Senior Associate Henry Hill, Associate Vice Presidents Jermaine Pugh, Bryan Kirk, and Bobby Lawrence.

 

Listed for $38,400,000, the Bushwick and Ridgewood portfolio is 100% tax-class protected and features 266 bedrooms and 96 units across 86,000 square feet. The buildings are mostly renovated with 70% of the portfolio offering high-end finishes, basement duplexes, etc.

 

“This portfolio presents an incredible opportunity for an investor to build significant scale in one of the city’s most dynamic submarkets,” Johnston said. “The current rent roll allows for 7-10% growth attributable to the local rental market.”

 

Bushwick, Brooklyn, has evolved into a world-renowned cultural icon, celebrated for its vibrant art scene, acclaimed restaurants, and eclectic nightlife scene. The neighborhood embodies NYC, blending residential charm with urban/commercial grit. Neighboring Ridgewood, Queens, shares many of the same fundamentals, offering a classic NYC neighborhood feel, historic architecture, and the distinction of being the city’s fastest-growing neighborhood for two consecutive years.

 

“The fusion of Bushwick’s creative pulse and Ridgewood’s neighborhood charm makes this location a compelling hub for investment. With rising tenant demand, strong transportation fundamentals, and growing recognition, this pocket of NYC is poised for significant appreciation in the near term,” Johnston said.

 

For specifics regarding the portfolio, including in-depth financials, please contact DJ Johnston.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.