Benchmark looks to sell BK Heights rental building for $70M

Aaron Feldman and Jordan Vogel’s firm paid $50M for property four years ago

Jun.June 14, 2019 03:00 PM
Benchmark Real Estate Group's Aaron Feldman (left) and Jordan Vogel (right) with 25 Monroe Place in Brooklyn (Credit: LinkedIn)

Benchmark Real Estate Group’s Aaron Feldman (left) and Jordan Vogel (right) with 25 Monroe Place in Brooklyn (Credit: LinkedIn)

Benchmark Real Estate Group is looking to sell a Brooklyn Heights rental building for more than $70 million.

The Plaza District-based investment firm, headed by Aaron Feldman and Jordan Vogel, has put the 67-unit apartment building at 25 Monroe Place on the market, brokers marketing the property told The Real Deal.

The asking price works out to more than $1 million per unit.

Representatives for Benchmark could not be immediately reached for comment. Jeff Julien, Rob Hinckley Steven Rutman at HFF have the listing.

Benchmark bought the 12-story building in 2015 for $50 million, property records show. The pre-war elevator building includes “newly upgraded condo-quality finishes,” according to HFF.

Benchmark has spent the past few years almost exclusively as sellers, but recently picked up a West Village rental building for $21 million.

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