New York City Properties


341 Prospect Place, Brooklyn, NY  (SOLD – June 2015)
Exterior 341 Prospect Place341 Prospect Place is an 8-unit apartment property located on the north side of Prospect Place, between Underhill and Washington Avenues in Prospect Heights, four blocks north of Prospect Park in Brooklyn. The property is convenient to downtown Brooklyn, area schools, and the #2, #3, and Q trains.

341 Prospect Place is a 30-foot wide, 4-story, walk-up apartment building with the feel of a townhouse. The building contains eight two-bedroom units; six of the units are two bedroom-one bath units, and the two ground floor units each have two bedrooms and two baths. The apartments are perfect for roommates who want separate bedrooms while sharing a common living room, kitchen, and bath or for couples, with or without children. Subject to the review of management, pets are welcome.

The building was built around 1920 with a brick and limestone façade. There is a full basement, which is available for bicycle storage.

341 Prospect Place was sold in June of 2015.


382 Prospect Place, Brooklyn, NY

382 front382 Prospect Place is a 24-unit building on the south side of Prospect Place, between Underhill and Washington Avenues in Prospect Heights, four blocks north of Prospect Park in Brooklyn. The property is located near the corner of Prospect Place and Washington Avenue, where there is convenient shopping. It is also close to downtown Brooklyn, area schools, and the #2, #3, and Q trains.

382 Prospect Place is a four-story walk-up apartment building that has undergone a major renovation. The building was built around 1920 with a brick and limestone façade. The hallways, as well as all of the units, have been renovated. Each of the two bedroom-two bath units offered for rent has new hardwood floors, new kitchen appliances, and new bathroom fixtures.

In February 2015, Oak Tree converted 382 Prospect Place from a rental to a cooperative. Of 382 Prospect Place’s 24 units, five are leased to Rent Stabilized tenants, one to an on-site Superintendent.  In addition to the renovation of sixteen units, Oak Tree added a roof deck and a laundry.


466 Fifteenth Street, Brooklyn, NY
466 15th Street466 Fifteenth Street is a land-marked, 16 unit, four-story walk-up building located steps from Prospect Park. Oak Tree Management is the managing agent for the condominium and manages the unsold units, occupied by renters. The building was converted to a condominium in 2013 after extensive interior and exterior renovation.


186 Prospect Park West, Brooklyn, NY
Exterior 186 Prospect Park West
186 Prospect Park West is a land-marked, 16-unit, 4-story walk-up building located on the northwest corner of Prospect Park West and 14th Street in Park Slope. Oak Tree Residential manages seven units for the sponsor. Some units have park views. The property is located steps from Prospect Park and is convenient to the Prospect Park/15th Street “F” train station.


264 Sixth Avenue, Brooklyn, NY
Exterior 264 Sixth Avenue264 Sixth Avenue is a 42-unit cooperative apartment property located on the west side of Sixth Avenue at the corner of President Street and Sixth Avenue in the center of Park Slope. The building is a four-story walk-up with an interior courtyard. There are laundry facilities, tenant storage space, and a bike room available in the basement.

The property is located near shopping on Seventh Avenue and restaurants on Fifth Avenue in the Slope. The location is also convenient to downtown Brooklyn, to area schools, and to the #2 and #3 trains at Grand Army Plaza.


418 Saint Johns Place, Brooklyn, NY

418 Saint John Place418 St. Johns Place is a 35-unit cooperative apartment building located on the south side of St. Johns Place, between Underhill and Washington Avenues in Prospect Heights, steps away from Prospect Park and the Brooklyn Museum.

418 St. Johns Place is a six-story elevator building with a new elevator and an attractive lobby restored to its period beauty.  A bike room and tenant storage space is available in the basement.

The property is conveniently located close to shopping, area schools, downtown Brooklyn, and the MTA’s #2, #3, and Q trains.

 

 

 

 

 


235 East Second Street, Brooklyn, NY

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235 East Second Street is a four story residential building that currently consists of nineteen one-bedroom apartments and one two-bedroom apartment.  Located between Caton Avenue and Albermarle Road in the Kensington section of Brooklyn, the property is built 50 ft x 78 ft and sits on a 50 ft x 100 ft lot with approximately 13,000 gross square feet.

The property is conveniently located one block from Church Avenue and one block from the F and G trains, as well as five blocks from Prospect Expressway.

 

 

 


Screen Shot 2016-05-20 at 11.55.09 AMIn 2015, Oak Tree Residential purchased a four-property Brooklyn multifamily portfolio, totaling 149 residential units, all of which are rent stabilized. The properties are located in Fort Greene, Clinton Hill and Crown Heights, each of which has been undergoing a process of gentrification in recent years, creating racially and culturally diverse communities, which has been the main driver behind increasing rents and property values in Brooklyn. The properties are substantially occupied and are made up of various residential unit types, from studios to three- bedroom units and even two-bedroom duplexes.


About the properties

597 Grand Avenue, Brooklyn, NY

597 Grand Exterior597 Grand Avenue is a four story, 52-unit residential building that currently consists of four studio units, seven one-bedroom units, 27 two-bedroom units, and fourteen three-bedroom units.

The property is conveniently located six short blocks from Prospect Park.  Prospect Park features a 90-acre Long Meadow, a 60-acre lake, and Brooklyn’s only forest. The nation’s first urban Audubon Center, the Prospect Park Zoo, and the Celebrate Brooklyn! Performing Arts Festival are some of the park’s well known attractions.

The building was completely renovated in 2001, including new: heating systems, electrical wiring, plumbing, fire retardant, sprinklers, roof, laundry rooms and machinery, elevators, windows and handicapped accessible ramps. Further renovations in 2016 added new LED lighting in all common areas, along with having a portion of the parking space designated for Zipcar, a car sharing service.


800 Bergen Street, Brooklyn, NY

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800 Bergen Street is an eight story, 32-unit residential building that currently consists of nine studio units, fifteen one-bedroom units, and eight two-bedroom units.

The Property is conveniently located six short blocks from Prospect Park.  Prospect Park features a 90-acre Long Meadow, a 60-acre Lake, and Brooklyn’s only forest. The nation’s first urban Audubon Center, the Prospect Park Zoo, and the Celebrate Brooklyn! Performing Arts Festival are some of the park’s well known attractions.

The property was built in 2001. Additional facade renovations were completed in 2016.

 

 

 

 


50 Greene Avenue, Brooklyn, NY

50 Green Exterior

50 Greene Avenue is a seven story, 39-unit mixed-use building that currently consists of eleven one-bedroom units, 23 two-bedroom units, one three-bedroom unit, four penthouse units and two office spaces.

The property is conveniently located within walking distance of Atlantic Terminal and the brand new Barclays Center.  Other notable nearby amenities include the Brooklyn Academy of Music (BAM), the prestigious Brooklyn Technical High School and the future Pacific Park (formerly known as the Atlantic Yards), which will be a 22-acre, fifteen building mixed use development offering new housing, retail, restaurants and office space.

The building was completely renovated in 2001, including new: heating systems, electrical wiring, plumbing, fire retardant, sprinklers, roof, laundry rooms and machinery, elevators, windows and handicapped accessible ramps. Further renovations in 2016 included additional facade repairs, as well as the renovation of the ground floor space and the addition of LED lighting to all common areas.


471 Vanderbilt Avenue, Brooklyn, NY

471 Vanderbilt Exterior

471 Vanderbilt Avenue is a four story, 26-unit residential building that currently consists of two studio units, one one-bedroom unit, nineteen two-bedroom units, and four three-bedroom units.

The property is conveniently located within walking distance of Atlantic Terminal and the brand new Barclays Center.  Other notable nearby amenities include the Brooklyn Academy of Music (BAM), the prestigious Brooklyn Technical High School and the future Pacific Park (formerly known as the Atlantic Yards), which will be a 22-acre, fifteen building mixed use development offering new housing, retail, restaurants and office space.

The building was completely renovated in 2001, including new: heating systems, electrical wiring, plumbing, fire retardant, sprinklers, roof, laundry rooms and machinery, elevators, windows and handicapped accessible ramps. Further renovations in 2016 added LED lighting to all common areas.

 

 

 


mannIn 2016, Oak Tree Residential purchased a three-property Brooklyn multifamily portfolio, totaling 46 residential units, of which 27 residential units are rent stabilized. All three Properties are located in the Bedford Stuyvesant neighborhood of Brooklyn, which has been undergoing a process of gentrification in recent years, creating racially and culturally diverse communities, which has been the main driver behind increasing rents and property values in Brooklyn.  The Properties are substantially occupied and are made up of various residential unit types, from studios to four-bedroom units.


About the properties

257 Quincy Street, Brooklyn, NY

257 quincy st

257 Quincy Street is a four-story, 21-unit residential building that consists of 1 one-bedroom, 17 two-bedroom, and 3 three-bedroom units. It is located in Bedford-Stuyvesant and only a short walk from the Herbert von King Park as well as the Bedford-Nostrand Avenue Station on the G subway line.

This property underwent extensive renovations in 2016 including masonry repairs at the rear and side facades, new roof and parapet walls, new electrical service, new sidewalk and a complete repainting at the lobby and common areas.


570 Jefferson Avenue, Brooklyn, NY

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570 Jefferson Avenue is a four-story, 9-unit residential building that consists of 1 two-bedroom, 5 three-bedroom and 3 four-bedroom units. It is located in central Bedford-Stuyvesant and only a short walk from the Raymond Bush Playground as well as the Utica Avenue Station on the A and C subway lines.

This property underwent extensive renovations in 2016 including a new boiler and domestic hot water system, energy-efficient valves at radiators within all residential units and common areas, new roof and chimney lining, new electrical service, new sidewalk and upgrades to the common laundry room.

 

 


308 Stuyvesant Avenue, Brooklyn, NY

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30 Stuyvesant Avenue is a four-story, 16-unit residential building that consists of 8 studio, 6 one-bedroom and 2 two-bedroom units.  It is located just one block fr8om Lewis Avenue, a local thoroughfare lined with restaurants and vibrant nightlife.

This property underwent renovations in 2016 including masonry repairs and repainting of the front entry, a new roof and new chimney lining.