Adelaide Polsinelli, Vice Chairman of Compass, a publicly traded, technology-driven, real estate platform, has been hired to market for sale, a prime 14 unit residential building, located at 353 12th Street, a beautiful tree-lined street, between 6th and 7th Avenues, in the heart of the Park Slope neighborhood in New York City.The property is located just a short walk to Prospect Park and local transportation.
The subject property is a four-story, multi-family building containing 14 apartments.The layout consists of micro-unit, studio apartments, and one three-bedroom apartment. Small units are unique and in high demand for this area.
“The property has attractive assumable financing in place, offering a purchaser the ability to avoid the uncertainty of the current interest rate environment,” emphasized Polsinelli.
The building underwent a complete renovation in 1994 and since then, some of the units have been upgraded. The building offers the ability to add value through the addition of amenities and improvements. The apartments are currently paying well below the market for a typical apartment in Park Slope, presenting a new owner with the opportunity to capitalize on this much sought after neighborhood. 353 12th Street is well-positioned for future rental income growth.
“353 12th Street is a perfect, easy to manage, investment for a new or seasoned purchaser seeking to gain a foothold in one of New York City’s most attractive and in demand neighborhoods,” noted Adelaide Polsinelli.
“Fortunately, we are seeing signs of a strong real estate resurgence as more investors are realizing that owning multi-familyreal estate has significant advantages in inflationary times,” noted Polsinelli. “The renewed boost in real estate activity is just what New York City needed to remindinvestors that we are in a “once in a cycle” buying opportunity,” Polsinelli concluded.
About Polsinelli: With over 30 years of experience, Polsinelli has sold over 1,500 properties, valued at over $40 billion in every asset class including multifamily, retail, office, development, note sales, air rights, partnership interests, unsold shares and retail condos. She has sold over $1.5 billion in the last few years, spanning NYC, Miami, Boston, Chicago and most of the northeast corridor. Prior to joining Compass, she was a Principal at the now defunct, Eastern Consolidated.
About Compass: is a technology-driven real estate platform dedicated to creating a seamless and intelligent buying, selling, and leasing experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. With $1.95 Billion in revenue, and $77 Billion in sales volume, Compass has 238 offices with locations in 122 markets, including New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen. New funding fuels international expansion, enhanced technology developments for agents and consumers. Compass was founded by Ori Allon, who sold two previous companies to Google and Twitter, and business partner Robert Reffkin, a former White House Fellow and Chief of Staff to Goldman Sachs’ President & COO.
