A & O Portfolio

597 Grand Ave, Brooklyn, NY 11238

  • For Sale $51,000,000
  • Property Type Other
  • Units 149
  • Year Built 1900
  • Date Updated Apr 28, 2025

Avison Young, as exclusive agent, is pleased to offer for sale a four-building portfolio (the “Properties”) of multifamily elevator buildings in the heart of Brooklyn’s Clinton Hill and Prospect Heights neighborhoods. The assets are tightly clustered, allowing for a single operator to efficiently manage. The Properties offer a total of one-hundred-and-forty-nine (149) residential units across 148,485± square feet. Of the buildings, two offer expired J-51 Tax Abatements, the third offers an expiring 421-a tax abatement with 4 years remaining, and the fourth property offers a J-51 tax abatement with 10 years remaining. The Properties are being offered together or separately.

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Highlights

  • Ease in Management
  • Value-Add Opportunity
  • Rare Opportunity to Acquire Value-Add Buildings
  • Scalability
  • Meticulous Institutional Management
  • Highly Desirable Sub-Markets

Contacts

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young - US - NY - New York

broker

Avison Young

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    93/100 Biker's Paradise
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  • City Brooklyn, NY
  • Neighborhood Clinton Hill
  • Zip Code 11238
  • Market Brooklyn

Points of Interest

  • International Car Service

    0.21 miles

  • Clinton-Washington

    0.44 miles

  • Franklin Avenue

    0.45 miles

  • Classon Avenue

    0.53 miles

  • brooklyn taxi company

    0.60 miles

  • Eastern Parkway - Brooklyn Museum

    0.67 miles

  • Eastern Parkway–Brooklyn Museum

    0.68 miles

  • Bedford–Nostrand Avenues

    0.78 miles

  • Nostrand Avenue Station Entrance

    0.82 miles

  • Arecibo

    0.87 miles

  • Sunoco

    0.16 miles

  • Shell

    0.36 miles

  • Tesla Supercharger

    0.56 miles

  • Mobil

    0.59 miles

  • Citgo

    0.87 miles

  • BP

    1.06 miles

  • Xpress Lane

    1.11 miles

  • Emporium

    1.13 miles

  • plugNYC

    1.36 miles

  • Revel

    1.44 miles

  • Cielo Garage

    0.12 miles

  • Underhill Garage

    0.31 miles

  • Rapid Park

    0.74 miles

  • The Brooklyn Museum and Botanic Garden

    0.78 miles

  • Garfield Garage

    0.92 miles

  • Edison ParkFast

    1.29 miles

  • Car Park Systems

    1.45 miles

  • Ultra Car Park Systems

    1.50 miles

  • NYPD Brooklyn Tow Pound

    1.55 miles

  • The Parking Club

    1.60 miles

  • Illumination Bed & Breakfast

    0.28 miles

  • The Brooklyn Hotel

    0.72 miles

  • La Quinta

    0.77 miles

  • The Brooklyn Riviera Hostel

    0.87 miles

  • Union Hotel

    1.01 miles

  • EVEN Hotel

    1.01 miles

  • Fairfield Inn

    1.01 miles

  • Holiday Inn Brooklyn Downtown

    1.04 miles

  • Sonder: The Industrialist

    1.05 miles

  • Towneplace Suites

    1.10 miles

  • Energy Fuel

    0.06 miles

  • B'klyn Burro

    0.06 miles

  • Otway

    0.06 miles

  • Pho You

    0.07 miles

  • Golden Krust

    0.07 miles

  • Barcklays Pizza & Pasta

    0.07 miles

  • Kitchen Grill

    0.07 miles

  • Bed Stuy Fish Fry

    0.08 miles

  • Crown Fried Chicken

    0.09 miles

  • Sisters

    0.09 miles

  • Achievement First Endeavor Elementary

    0.10 miles

  • Bethel Seventh Day Adventist School

    0.16 miles

  • Acorn Community High School

    0.25 miles

  • PS 9 Sarah Smith Garnet School

    0.25 miles

  • The Co-op School

    0.26 miles

  • Public School 56

    0.26 miles

  • Gotham Professional Arts Academy

    0.26 miles

  • Brooklyn School for Career Development

    0.27 miles

  • Public School 11

    0.27 miles

  • Brooklyn Technical High School Athletic Field

    0.29 miles

  • Young Minds Day Care Center

    0.12 miles

  • Shining Smiles

    0.14 miles

  • Eladia's Kids

    0.15 miles

  • Robotic Steam

    0.19 miles

  • Brooklyn Doodles

    0.21 miles

  • The Tiny Scientist

    0.23 miles

  • Discovery PitStop

    0.26 miles

  • Bedford Stuyvesant Early Childhood Development Center

    0.33 miles

  • BumbleBeesRus

    0.33 miles

  • Magic Moments Academy

    0.35 miles

Frequently Asked Questions

How much does A & O Portfolio cost?

The space currently listed for sale at A & O Portfolio asks for $51,000,000.

What is the total square footage of A & O Portfolio?

A & O Portfolio totals 148 square feet.

When was this property built?

A & O Portfolio was built in 1900.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact A & O Portfolio
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