ZT Realty put a multifamily portfolio of 18 central and north Brooklyn buildings on the market with an asking price of $80 million, or $460 per square foot.
The properties, which together span more than 174,000 square feet, include 207 rental apartments. There are 122 rent-stabilized units, one rent-controlled unit and five commercial units. The rest are market-rate, Commercial Observer reported. The average residential rent is $1,989 and the cap rate of the portfolio is 4.6 percent.
The properties are in Prospect Heights, Crown Heights, Williamsburg and Bedford-Stuyvesant, and at least two of the properties were bought in the past year, according to the website.
Marcus & Millichap’s [TRDataCustom] Peter Von Der Ahe, Joe Koicim, Shaun Riney and Michael Salvatico are marketing the properties.
ZT Realty, which is headed by Peter Tessler, sold a rental building at 1045 Union Street in Crown Heights to the Mann Group for $14.5 million earlier this year. [CO] — Miriam Hall