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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F1c81e197-d0ae-4196-8efc-2f4570476dfe%2F7d1ddaeb-671e-4f00-a9f8-13565eaf4b73" onerror="this.style.display='none'" alt="21 East 29th Street &amp; 1580 Nostrand Avenue Image" style="object-fit: cover; width: 200px;" />
 Multifamily / Mixed Use / Land 
 
 21 East 29th Street &amp; 1580 Nostrand Avenue
 
 Brooklyn, NY 
 By Avison Young

 <a href="/user/e7a1e98f-3799-429f-9c7c-8ebbeaee46dd" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Erik Edeen</a>
 
 Principal – US Investment Sales
 
 
 <a href="tel:(212) 729-7402" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(212) 729-7402</a>
 

 <a href="https://platform.reverecre.com/project/1c81e197-d0ae-4196-8efc-2f4570476dfe" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Avison Young offers a comprehensive suite of commercial real estate services, including transaction, management, financial and advisory services. We’ve designed our corporate structure to best serve our clients by enhancing collaboration across our organisation.

Whether you are a user/occupier or an owner/investor, Avison Young is organised to deliver truly integrated solutions to meet your unique needs.

Because we recognise that, for most occupiers, the property burden represents the second highest cost and tends to be the biggest contingent liability, we focus on helping occupiers create property and workplace solutions that improve performance, increase competitiveness, adapt to changing markets and provide the optimum workplace environment for their staff.

- Consulting Services, Facility Management, Occupier Project Management, Occupier Solutions, Occupier Valuation and Advisory Services, Tenant Representation, Transaction Management

We add value right through the property lifecycle, from acquisitions to disposals, in a wide variety of sectors including: offices, retail, industrial and alternative sectors.

Our collaborative approach means we gain a more intimate understanding of the needs of owners and investors.  As a result, we can provide customised advice that underpins intelligent and informed decisions.

Agency Leasing, Capital Markets, Consulting Services, Debt and Mortgage Services, Investment and Asset Management, Investor Project Management, Net Lease, Property Management, Valuation and Advisory Services

Flexible Solutions, Hospitality, Industrial, Multi-Family, Office, Retail

Associations and Nonprofits, Automotive Properties, Data Centers, Healthcare, Life Sciences, Private Equity, Project Management Specialty, Senior Housing, Sustainability

 Principal – US Investment Sales

Principal, Head of US Investment Sales

Principal, Head of NYC Investment Sales

Director Capital Markets Group

Director, Investment Sales at Avison Young

Associate Director

Senior Assoicate

94-unit, nearly vacant, elevator building delivered with a 35-year 421-a tax abatement and exempt from Good Cause Eviction through 2055

Immediate lease-up opportunity across a diversified unit mix, including Fair-Market and Rent-Stabilized Affordable and Market Rate Threshold units. New ownership benefits from initial lease up tenanting

421-a Option C (30% at 130% of AMI) vesting in progress anticipated for Q1. Please see data room for more information

Shovel-ready, vacant site vested under 421-a Option B (10% at 70% of AMI + 20% at 130% AMI, average of 30% at 110% AMI) and located within a designated Opportunity Zone

Zoning and air-rights flexibility allowing residential and community facility density, including transferable air rights from 21 East 29th Street

City of Yes improved density to 105,775 residential ZFA and reduced parking requirements

Sales Team

Avison Young is pleased to present a two-asset offering in Flatbush, Brooklyn distinguished by vested 421-a Affordable New York benefits on both components of the transaction—a condition that is increasingly scarce and no longer replicable under current regulatory frameworks. The offering combines a newly constructed, fully vacant multifamily elevator building with an adjacent, shovel-ready development site, providing both immediate income generation and a defined path to future development within a single capital structure.

Erik Edeen is Principal and Senior Director of U.S. Investment Sales at Avison Young based out of the firm’s Manhattan Office. Erik leads major market business execution, partnering with leading professionals in those markets. He is involved in developing and executing all facets of the investment sales business across all asset types. Erik’s role includes developing go-to-market strategies including research, marketing, and data analytics. With a differentiated approach, the cohesive U.S. Investment Sales Group leverages best-in-class execution to deliver superior results for clients.

Erik also leads the day-to-day operation of the two-dozen member Tri-State Investment Sales Group where he oversees the sales, operations, and analytics teams. He serves in a leadership role on the Capital Markets Executive Committee steering critical strategy and functions. Throughout his 15-year career, Erik has been involved approximately 300 real estate transactions valued over $5 billion.

Before joining Avison Young, Erik was a Financial Analyst on CBRE’s New York Institutional Investment Sales group, a top 10 globally ranked team. Erik earned a Bachelor of Science degree in Finance from the University of Connecticut with a concentration in Real Estate and was the 2019 recipient of the University of Connecticut Real Estate Center Early Career Alumni Award. In addition, he is the Co-Chair of Real Estate Ascending Leaders (REAL), an exclusive New York based networking and educational association. Erik is a member of REBNY, ULI and is active within the UCONN alumni network. Erik lives in Long Island City with his wife and two children.

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