Portfolio

RB Portfolio

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Number of units 152

Portfolio description

JLL has been retained on an exclusive basis to market the public auction of the “RB Portfolio” (25 Thompson Street, 71 Thompson Street, 98 Thompson Street, 42 Bank Street, 99 Perry Street and 117 Waverly Place), a collection of 6 walk-up, multi-family / mixed-use properties in the West Village and SoHo neighborhoods of Lower Manhattan. While the buildings are being marketed simultaneously, they are being sold individually as separate offerings on an as-is, where-is basis.


The RB Portfolio offers an incredible opportunity to acquire predominantly free market buildings with significant value-add potential in some of the most sought-after neighborhoods in all of New York City. On average the properties have maintained & operated by current ownership for over 40 years with each asset having been originally purchased between 1976 – 1986.

Investment Highlights

  • Premier West Village / SoHo /Greenwich Village Locations: The six properties are located in 3 of NYC’s most iconic and desirable neighborhoods which typically achieve the highest residential rents in all of the city.
  • 82% Free Market: The collective portfolio consists of 82% free market units across the 146 residential units and is also 95% residential with only 7 commercial units throughout.
  • Incredible Mark-to-Market Opportunity: Existing free market rents are as much as 70% below market creating the opportunity to 2-4x in-place NOIs.
  • Long-Term Family Ownership: Private family ownership for 40+ years lends itself to immediate upside through repositioning and modernizing the assets with luxury finishes throughout
  • Buildings Sold Through Public Auction: The auction process presents an “absolute” opportunity to acquire the assets on an individual basis in a defined process
  • Location & Connectivity: Each of the properties is less than a 5 minute walk to the major subway lines including the A C E B D F M 1 6 W trains.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
RB Portfolio (6 Properties)
25 Thompson Street
New York, NY, United States
99 Perry Street
New York, NY, United States
71 Thompson Street
New York, NY, United States
98 Thompson Street
New York, NY, United States
117 Waverly Place
New York, NY, United States
42 Bank Street
New York, NY, United States
Expand Map Collapse Map
Last Updated Date: 27 Oct 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.