B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of The Briarwood Portfolio (the “Portfolio”) in Briarwood, Queens, NY. The Portfolio consists of four elevator-serviced apartment buildings on two contiguous tax lots spanning an entire city block, totaling +/- 381,798 square feet, 383 units, 116 onsite parking spaces, and additional development rights.

Encompassing the entire city block bordered by Union Turnpike, 134th Street, 135th Street and 82nd Avenue, the Portfolio includes:

Montrose and Morgan – two original buildings built in 1949, totaling 278 residential units and 1 professional unit.

Noll and Grove – two newly constructed luxury rental buildings with a total of 104 residential units. Grove is fully completed and currently at 84% occupancy, while Noll is awaiting TCO (expected by Feb-2021).

An offering of this size and caliber is extremely rare to come to market. The Portfolio has been meticulously maintained and constructed, and provides an opportunity for an investor, developer or 1031 buyer to acquire a prime piece of residential real estate and leverage economies of scale to achieve an attractive and consistent return for the foreseeable future.