Description
Rbac P1 presents a rare, coming-soon investment opportunity in the heart of New York, CA. This expansive multifamily asset encompasses 47,567,567 total units—spanning affordable, high-rise, mid-rise, low-rise, senior and student housing—and currently operates at 75% occupancy. With 5,767 units immediately available for lease-up or repositioning, the property offers significant value-add upside and the potential to drive meaningful cash flow growth upon stabilization.
Strategically located at “test 123” (GPS 40.7127753, –74.0059728) within Market 843, Rbac P1 benefits from access to major transportation corridors, leading employment centers and robust regional demographics. Its diverse unit mix and large scale provide economies of scale in operations and management, while the broad amenity potential positions the asset to capture demand across multiple renter profiles, from workforce housing to senior living.
As a For Sale offering, Rbac P1 is being marketed unpriced to qualified investors seeking a premier multifamily platform with embedded upside. Detailed financials, pro forma underwriting and site tours will be available upon executed confidentiality agreement. Contact the listing team today to explore how Rbac P1 can enhance your portfolio’s performance and long-term value.
Offering Summary
- Property TypeMultifamily
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units47,567,567
- Available Units5,767
- Occupancy75%
- Unit MixLoft
Deal Team



