Prospect Place, Brooklyn, NY
Global One targets acquisitions of existing multifamily or mixed used properties of 40 to 5,000 units for medium to long-term hold periods, with low to moderate leverage. Global One specializes in regulated housing and has broad experience in Section 8, Mitchell-Lama, Rent Stabilized, and other state and city regulated housing types. Global One also has a proven track record of owning and operating both pre-war and post-war luxury housing.
Our long term market outlook is predicated on the idea that New York City will continue to be one of the most resilient and robust global cities and local economies in the world, and long term supply and demand imbalances in the market will continue to lead to a long term trend where rent growth outpaces inflation.
Typical Acquisition Targets:
- Properties that are subject to municipal, state and/or federal restrictions with below market rents
- Properties located in prime neighborhoods but are under-valued by the market because of mismanagement or neglect.
- Properties in gentrifying neighborhoods that have the physical and economic characteristics required to capitalize on the future market growth.
- Off-the-market properties or real estate partnerships that can be acquired at a discount to their inherent market value.
Interested Sellers and brokers should contact Saad Saghir at (718) 997-9500 x 119.