Property Highlights
Property Tax Savings
The City of Detroit has a PILOT Program potentially saving over $1 million dollars annually. The property is well-positioned for the fast tracked PILOT Program which offers accretive long-term tax savings and increased cash flows.
Significant CapEx
Ownership has invested over $7.6M since 2021 which includes a state-of-the-art seawall, all new boilers, and many other long-term capital projects.
Prime Location
Prominently located on the Detroit River off Jefferson Avenue residents enjoy easy access to Downtown Detroit’s major attractions and employers.
Strong Market Metrics
118 units to be delivered this year while 2,377 units were absorbed through 2Q25, resulting in Downtown Detroit’s occupancy improving over 5% YoY.
Value-Add Potential
95% of the property is in classic condition presenting the opportunity for a continuation and expansion of the proven value-add opportunity.
Amenities
- Fully Equipped Kitchen
- Stainless Steel Appliances
- Hardwood Flooring
- Ceiling Fan
- Historical Bay Windows
- Walk-In Closets
- Built-Ins
- Patio / Balcony
- Modern Fitness Center
- Clubhouse with Billiards Table
- Gated Surface Parking
- Private River Front with Courtyard
- Laundry Facility
- Bike Storage
- Covered Parking
- Controlled Access Community
The Location
Photo Gallery
Contact Us
Detroit Office
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
INVESTMENT SALES
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Conor David
Director
614.796.0222
[email protected]
Charles Steele
Senior Managing Director
602.319.5007
[email protected]
AZ License #SA645142000
EJ Wujek
Associate Director
248.341.3316
[email protected]
Jared Glover
Managing Director
602.526.4800
[email protected]
NV License #B.0144864
Mortgage Banking
Clay Akiwenzie
Managing Director
775.447.0595
[email protected]
Hank Workman
Associate Director
805.231.9492
[email protected]
8100 E Jefferson Ave | Detroit, MI
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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