347 Hoyt Street 

Location: Carroll Gardens, Brooklyn

Capitalization: $5M

Size: 6,000 GSF

Units: 6

Status: Divested

Developer: Private Family

 

In 2013, Avery Hall Investments sourced the opportunity and led the acquisition of a 6-unit, prime mixed-use corner building in the heart of the Carroll Gardens Historic District, in partnership with a New York-based family office.  Avery Hall recognized the intrinsic upside of the asset and during the contract period, re-structured several leases at the property.  AHI has subsequently divested its interest to its partner.