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

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

TRD New York /
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.


Related Articles

arrow_forward_ios
Carroll Gardens and Flatbush in Brooklyn (Photos by Steven Pisano via Flickr; Mrbrklyn via Wikipedia; iStock)

Brooklyn’s most and least expensive neighborhoods

Brooklyn’s most and least expensive neighborhoods
314 Hicks Street and 200 Berkeley Place in Brooklyn (Google Maps; Corcoran)

Brooklyn luxury market has best week since Covid began

Brooklyn luxury market has best week since Covid began
2 Pierrepont Street in Brooklyn and Vincent Viola (Google Maps, Getty)

Ex-Trump nominee broke rent stabilization laws at his Brooklyn Heights building: lawsuit

Ex-Trump nominee broke rent stabilization laws at his Brooklyn Heights building: lawsuit
198 Warren Street and 1 Clinton Street in Brooklyn (Google Maps; One Clinton BK)

Only four Brooklyn lux deals for fifth time in six weeks

Only four Brooklyn lux deals for fifth time in six weeks
617 11th Street (Credit: Google Maps)

Brooklyn luxury market sees 3rd straight week with 4 contracts

Brooklyn luxury market sees 3rd straight week with 4 contracts
1 Pierrepont Street and 543 11th Street in Brooklyn (Credit: Google Maps)

Brooklyn luxury market sees four contracts signed for second week in a row

Brooklyn luxury market sees four contracts signed for second week in a row
1 Clinton Street and 229 Sackett Street (Credit: 1 Clinton Street and  Google Maps)

Brooklyn’s luxury resi market sees contract volume fall

Brooklyn’s luxury resi market sees contract volume fall
48 Sidney Place and 289 Union Street in Brooklyn (Credit: Google Maps)

Brooklyn’s luxury resi market only saw 2 deals signed last week

Brooklyn’s luxury resi market only saw 2 deals signed last week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...