The Johnston Team - B6 Real Estate Advisors

Name: The Johnston Team - B6 Real Estate Advisors
Address: 575 5th Avenue, 2810, New York, NY, 10017, US
Telephone: +19145847422
Price range: $

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United States
New York, NY
The Johnston Team - B6 Real Estate Advisors

We focus on the sale of commercial properties across NYC. This page will highlight our listings, industry data, and market trends.

05/23/2024

Sold - $3,250,000 / 6.45% Cap / $650 SF / $550K Unit

If you are an investor, lender, broker, or appraiser, this comp should be the basis of your underwriting for standard multifamily in Central Brooklyn / Queens.

We just sold a renovated 6-family in Bushwick. Real Estate is not a commodity, every building has its own story and history, but if there was a single property that represented the general market, it would be 1329 Hancock Street.

Fully renovated in 2022 via a substantial rehab, average rents of $3,600 for three-bedroom layouts, good but not prime location, 2B tax class protection, and a cookie cutter expense ratio of 20%.

Buying pools remain shallow, but this is the 3rd transaction we’ve executed this quarter with similar sales metrics. The spread between the average bid and the winning bid has never been broader. Concise marketing materials and a wide net have never been more important in finding the perfect buyer.

Don’t hesitate to give me a call for my opinion on how to target equity heavy buyers.

Best,

DJ

[email protected]
Call or text - 914-584-7422

Team:

04/01/2024

For Sale - Perfect End-User Warehouse - 120 Evergreen Avenue - Bushwick / East Williamsburg - $3,500,000

We are the exclusive brokers for 120 Evergreen Avenue, a 6,700 SF corner warehouse located in North Bushwick on the border of Williamsburg. The site sits directly across the street from the Denizen, Bushwick’s premier rental project with 911 luxury apartments. This is a phenomenal opportunity for end-users and retail developers alike. See below for investment highlights and let us know if you want to get on our tour schedule.

Investment Highlights:

- 100% Vacant / M1-1 Zoning
- 135’ of corner frontage - 62.16’ x 72.49’
- 2 curb cuts / 1 drive-in door
- Ceiling Heights 12.5’-15.5’
- 2 Blocks off Flushing Avenue
- Short walk to L, J, M, and Z trains

We look forward to reviewing this opportunity with you.

DJ Johnston

Call or Text: 914-584-7422
Email: [email protected]

Industrial Specialist:
Location Expert:

Brooklyn Team:

01/31/2024

Luxury 3-unit Townhome | $6,500,000 | Greenpoint

Our team was exclusively hired to arrange the sale of 1001 Lorimer Street, an exceptionally renovated 3-unit townhouse in Greenpoint, Brooklyn. See below for our Investment Highlights and reach out if you are interested in learning more about this exciting new listing!

±6,000 SF Luxury 3-unit townhome located in Prime Greenpoint, Brooklyn

High-end renovations and facade redesign was completed in 2023

25’ x 60’ across 3 floors plus full duplex and landscaped backyard

$13,000 - 4BR / 2.5BTH Duplex | $10,000 - 3BR / 2BTH | $10,000 - 3BR / 2BTH

$400,000 Gross Income, with $350,000 NOI. One-year leases pave the way for a homebuyer

100% Free market with rents expected to grow 10% at next lease turnover

$9,000 in taxes - Tax Class 1 limits increases to 20% over 5 years

Located on a quiet, tree-lined residential block between Norman and Meserole Avenues

Half block from the Nassau Avenue G-Train with access to Williamsburg, LIC, and Manhattan

Walking distant from McCarren Park, and popular local establishments such as Bernies, Nura, Greenpoint Fish, and many more

Call or Text - 914-584-7422
[email protected]

12/22/2023

Happy Holidays!! We hope you all get to spend time with your loved ones this season!! We love what we do here at and none of it would be possible without the support and love of family and friends. Thank you and see you in 2024!!

12/14/2023

Primetime mixed-use on Knickerbocker Avenue in Bushwick!! Retail can be delivered vacant making this a phenomenal opportunity for an end-user. Connect for details.

12/06/2023

As we launch our new business here at Matthews, I wanted to take this opportunity to introduce you to the Brooklyn members and explain how we will be approaching brokerage in a different way. The members of our new group had previously worked together while at B6 / Massey Knakal and each ran their own teams with a specific neighborhood focus. This made each member a true expert in their respective areas, but sometimes led to inefficiencies in ex*****on and team structure. Executors were spending too much time on underwriting, and sales associates were spending too much time preparing marketing materials.

When we made the transition to Matthews, we decided to combine our resources and collectively lean into each other's strengths. This allows us to better allocate roles and responsibilities and execute business as efficiently as possible. Our clients will notice the difference and we personally couldn't be happier with the collaboration. We've learned to appreciate and respect each other over the years and it's motivating to be under one roof for the first time.

DJ Johnston

[email protected]
914-584-7422

11/28/2023

47.5’ Wide 9-Family / Boutique New Construction!!

You read that right, 47.5’ wide! I am a strong believer that mature and natural unit layouts will outperform the railroad / flex bedroom design we’ve become accustomed to here in NYC. 137 Prospect Avenue offers institutional quality product at a boutique price range.

This building benefits from a 35-year abatement and was developed in 2020. It is located 1 block from R train at 4th Avenue in Park Slope / Gowanus. Fundamentals couldn’t be stronger.

We are committed to transacting before Q2 2024, so bring real offers.

Look forward to your feedback!!

DJ Johnston

[email protected]
Text - 914-584-7422

Team:

11/21/2023

The last time I offered a 9% Cap Rate I was a 26 year old rookie associate at Massey Knakal Realty. The year was 2009. This market makes me feel young again :)

9% Cap Rates come with some location risk, but the fundamentals on this opportunity are strong. 100% Free Market Mixed-use at a high exposure intersection.

Download the OM on our Website - www.matthews.com

Call or text any time to let us know what you are in the market to buy. Our inventory is building with 10+ new listings over the last month alone.

DJ Johnston

[email protected]
Call or Text - 914-584-7422

Team:

11/14/2023

We have been hired to sell 4 three-family townhomes surrounding Irving Square Park in Bushwick, Brooklyn. These buildings are 100% Free Market and offer a unique opportunity for investors, homebuyers, and redevelopers.

Connect with us for details on rents, air rights, and home-buying options.

DJ Johnston

914-584-7422
[email protected]

Team:

10/16/2023

After months of consideration, I have decided to take an EVP position at . This period of reflection offered me an opportunity to consult with many industry leaders, and I want to thank all those that offered me their time and consideration. I won't forget and hope to repay the generosity.

To many in the NYC Investment Sales space, Matthews is not yet a brand name. We set out to change that. Matthews is the largest privately owned brokerage in the country, with 700 employees and 22+ offices. They have executed over 16,500 transactions since their inception in 2015, across every service line. Their success is due to strong leadership in , centralized technology systems, and their ability to recruit the most aggressive young brokers in the country. I quickly came to realize they are on their way to revolutionizing the brokerage space, and I wanted to be on the team leading the charge in NYC.

The best part for me is that I get to transition with a team I've grown to love and trust over the course of my 13-year career. Together we bring decades of NYC Sales experience and local neighborhood knowledge. We understand the art of selling NYC properties and will combine the best parts of our legacy firms to build a culture of collaboration and intense worth ethic.

We are scheduling office visits with investors, property owners, and recruits that want to learn more about our platform and how they can benefit. Please don't hesitate to reach out if you want to connect in person.

Now is the time to invest in yourself and your business!! See you out there!

All the best,

DJ and Team
[email protected]
575 5th Avenue, Suite 2810
New York, NY 10017
Cell: 914-584-7422

Team: .nyc

08/22/2023

This is the perfect passive investment and will trade above a 7% Cap!! DM for details!!

Address

575 5th Avenue, 2810
New York, NY
10017

Telephone

+19145847422

Website

http://www.matthews.com/

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