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- LoopNet Team
429 Kent Ave
Brooklyn, NY 11249
The Oosten Community Facility Condominium · Multifamily Property For Sale
·
216 Units
Investment Highlights
- Brand new corner condominium in the heart of Williamsburg
- 15-year lease agreement with annual increases and expense reimbursements
- Fully leased to school with excellent historical track record
- Desirable neighborhood with lack of nearby private schools
Executive Summary
Meridian Investment Sales is pleased to exclusively present for sale the Community Facility Condominium at the brand new Oosten development – 429 Kent Avenue. Located in the heart of Williamsburg, the offering is fully leased to Brooklyn Global Prep, a language immersion school that recently signed a 15-year lease. The condominium has a dedicated entrance at the corner of Kent Avenue and South 8th Street and is three stories spanning the ground, mezzanine, and lower level. The Oosten Condominium contains 216 luxury residences. The unit spans approximately 9,500 square feet and benefits from excellent ceiling heights and great corner visibility.
Property Facts
| No. Units | 216 | Building Size | 492,066 SF |
| Property Type | Multifamily | No. Stories | 9 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.2/1,000 SF |
| Building Class | A | APN / Parcel ID | 02135-7508 |
| Lot Size | 2.17 AC | ||
| Zoning | R7A | ||
| No. Units | 216 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 2.17 AC |
| Building Size | 492,066 SF |
| No. Stories | 9 |
| Year Built | 2016 |
| Parking Ratio | 0.2/1,000 SF |
| APN / Parcel ID | 02135-7508 |
| Zoning | R7A |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
- Floor to Ceiling Windows
Site Amenities
- Business Center
- Courtyard
- Fitness Center
- Pool
- Sauna
- Doorman
- Gameroom
- Media Center/Movie Theatre
- Roof Terrace
- Bicycle Storage
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 2+2 | 31 | - | - |
| 3+2 | 31 | - | - |
| 3+2 | 31 | - | - |
| 3+4 | 31 | - | - |
| 4+4 | 31 | - | - |
| 6+6 | 30 | - | - |
