25-35 Tennis Court

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of a 121 unit, impeccably maintained pre-war elevatored multifamily building located at 25-35 Tennis Court, Brooklyn. The building, where units feature original moldings and genuine terrazzo floors, sits blocks away from the southern edge of beautiful Propsect Park in the Ditmas Park section of Brooklyn. 114 units are rent stabilized and leased at rates that are approximately 20% under market. With the Brooklyn’s incredible growth over the past decade and, more specifically, the boom in demand in the neighborhoods surrounding Prospect Park, few properties are positioned as well as 25-35 Tennis Court to capture the tremendous potential upside as market rents continue to climb. The property’s gross scheduled revenue is approximately $1.64 million. For more information, please execute and return the attached confidentiality agreement.