AvalonBay sells Sheepshead Bay rental for $75M
Residents of a 180-unit rental building in Sheepshead Bay will soon be saying hello to a new owner: Bonjour Capital. The privately held real estate investment firm acquired the apartment portion of 1501 Voorhies Avenue in the Brooklyn neighborhood for $75 million, the Commercial Observer reported. The seller was the prominent multifamily real estate investment trust AvalonBay Communities. A Newmark team including Adam Spies, Dan O’Brien and Adam Doneger represented AvalonBay in the deal, which worked out to $417,000 per unit. Both buyer and seller did not respond to the outlet’s request for comment. AvalonBay and Muss Development filed plans […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
How to Sell My House for Cash in Avon, IN
6 States Where Eviction Filings Are Highest—And What to
Watch For When Investing in Them
Can You Live on Half Your Income? Here’s the Playbook to
Ramping Up Your Investment Potential
Condo Prices See The Biggest Decline Since 2012—Here’s Why
They’re Now a Great Cash Flow Opportunity in Today’s Market
We Buy Houses Yucca Valley, CA: Top 5 Companies
Summit’s deal with Pinnacle, by the numbers
Nursing home moguls Daryl Hagler, Kenneth Rozenberg sued for
self-dealing
Lily Allen, David Harbour find buyer for Carroll Gardens
townhouse after breakup
Real estate proposals to watch in New York’s budget
LA Lakers coach JJ Redick finds buyer for Dumbo penthouse
asking $6M 
