Brooklyn, New York

The acquisition of 4 buildings designated for rent, including 33 residential units and 2 commercial units, will be upgraded and sold in Brooklyn, New York, USA

313S 4th Street
332 Rodney Street
431 – 433 Wythe Avenue
Brooklyn

Year launched

2018

Expected duration

24 months

About the neighborhood

The Williamsburg neighborhood, where the projects are located in has undergone an end-to-end change in recent years. From a neighborhood that was used mainly for storage and light industry, the neighborhood became the most desirable neighborhood among a young and affluent population. As a result of the influx of young people and families, real estate prices have risen, and the neighborhood now has many new residential and recreational projects and is one of the most developing and quality neighborhoods in New York, due to the rapid access to Midtown Manhattan.

About the sponsor

Izhaki Acquisitions was established in 2006 and specializes in developing and improving real estate properties in the USA. The company specializes in the improvement of mixed-use properties in the most sought after neighborhoods in New York. The Company also has extensive experience in evacuating protected tenants. Izhaki Acquisitions has a professional and experienced management team that together with the company’s employees accurately and professionally leads the entire investment process, including underwriting, construction, improvement and asset management. Since its inception, the company has acquired real estate assets in excess of $300 million.

The opportunity

The acquisition of 4 buildings designated for rent, including 33 residential units and 2 commercial units, will be upgraded and sold in Brooklyn, New York, USA.

Other projects by the sponsor

Hagshama 2018-07-10T14:11:55+00:00