For Immediate Release – Wickatunk, NJ, October 5th, 2022
A class “A” multifamily apartment complex in the heart of one of New York City’s strongest submarkets, Williamsburg, Brooklyn. A fully leased, gut-renovated loft building comprising of 117 free market residential units, one retail suite with modern amenities and finishes.
Amalfi Capital is excited to announce its 75th investment since its inception. The latest partnership is with GAIA Real Estate of NYC on the purchase of 55 Hope Street, located in one of the most desirable submarkets in NYC; Williamsburg Brooklyn. Originally built as a pencil factory, 55 Hope Street was fully redeveloped in 2012 into a Class A, multifamily property. Characterized by curated industrial-minimalist design, the building features inspired residential units with wood flooring, oversized windows & 11’-6” ceiling heights. Luxury amenities include spacious lobby/lounge areas, furnished roof deck with skyline views, fitness center, tenant & bike storage.
“We are extremely excited to have chosen such a wonderful property in an exciting part of Brooklyn with an extremely experienced general partner such as GAIA Real Estate. They manage all aspects of the project in house and could not have chosen a better partner” said Raffaella Schnurr, President of Amalfi. “The property is amazing within a vibrant community of shopping, restaurants, and nightlife surrounding it. It is in fantastic condition and has a boutique feel. It has been fully occupied for many years and given the strong demographics we expect it to stay that way for many years to come.”
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Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. Our conservative approach combined with markets and properties that have historically high occupancy, such as our concentration on multi-family, industrial distribution & flex space facilities, has been a winning formula since our inception. www.Amalficapital.biz – amalficapitalinfo@gmail.com