National Rental Firm Buys Six Buildings for $42.5 Million South of Prospect Park
Sentinel Real Estate, one of the largest apartment rental companies in the U.S., snapped up five rental buildings in Prospect Park South and one in Flatbush for $42,500,000, sources told The Real Deal. The deal closed April 29 and includes 261 units spread across four elevator buildings and two walkups. The properties are 165 East 19th Street, 146…
Sentinel Real Estate, one of the largest apartment rental companies in the U.S., snapped up five rental buildings in Prospect Park South and one in Flatbush for $42,500,000, sources told The Real Deal. The deal closed April 29 and includes 261 units spread across four elevator buildings and two walkups.
The properties are 165 East 19th Street, 146 East 19th Street, 120 East 19th Street (pictured), 287 East 18th Street, 259 East 18th Street and 2105 Foster Avenue. Average rents in the buildings range from $870 a month at 146 East 19th Street to $1,344 a month at 2105 Foster Avenue.
The sellers were partners Pinnacle Group and Hudson Realty, who own at least 20 properties throughout Crown Heights and Prospect Park South.
Sentinel Real Estate Adds in NYC with $43 Million Brooklyn Buy [TRD]
Photo by Nicholas Strini for PropertyShark
It makes perfect sense at about 12x average rent