Overview

TerraCRG has been retained as the exclusive agent for the sale of University Place at 385 McDonald Avenue in Central Brooklyn. The four-story, 51,000 gross SF, privately-owned residence hall style building and student housing facility has a total of 64 units with 128 beds.

New York City is home to over 110 colleges and universities attended by over 594,000 students. New York State attracts more college students than any other state. According to statistics, freshmen who leave their home states to attend college, are most likely to come to New York.

Over the last few years, University Place has become a popular residence for independent, Art related trade school students, who come to NY for anywhere between one semester and one year. The F-Train & G-Train Church Avenue subway stop is located across the street from the building making an easy commute for tenants to all Downtown Brooklyn and Manhattan Colleges & Universities.

The building recently went through a significant renovation including the upgrades of the lobby, hallways and all common areas and amenity spaces. The property may be delivered vacant.