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CIM and LIVWRK Put Front & York Rentals on Market for $235M


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LIVWRK’s Asher Abehsera and CIM’s Shaul Kuba with an aerial of 85 Jay Street (LIVWRK, Getty, Google Maps)
Developers behind an amenity-packed residential project in Dumbo are looking to sell its rental portion for $235 million the biggest offering of its kind so far this year in Brooklyn.
CIM Group and LIVWRK have put the 320-unit rental portion of their Front & York project on the market, according to an offering memo for the property.
The block of rentals is part of the 1.1 million-square-foot building at 85 Jay Street designed by architect Morris Adjmi. The development also includes 131,000 square feet of retail and 408 condominiums, which are not part of the offering. ....

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