99 Dumont Ave & 499 Pennsylvania Ave

Asset CRG Advisors, LLC, has been exclusively retained to market 99 Dumont Avenue and 499 Pennsylvania Avenue, a portfolio of two newly constructed walk-up multifamily properties in Brooklyn, comprising 19 residential units. 99 Dumont Avenue is a four-story, 10-unit residential building totaling approximately 6,161 square feet, while 499 Pennsylvania Avenue is a four-story, 9-unit multifamily building totaling approximately 7,190 square feet. Both properties were completed in 2025 and are fully occupied, providing immediate in-place cash flow.

Both properties benefit from a 421-a tax exemption through 2061, offering significant long-term tax savings. The portfolio is conveniently located near the Saratoga Avenue and Pennsylvania Avenue stations (3 train), providing convenient connectivity to Downtown Brooklyn, Manhattan, and surrounding neighborhoods.