20%
Rent-to-income ratio
Affordable luxury and rental pricing power, supported by an attractive rent-to-income ratio.
650 E. BROOKLYN VILLAGE AVENUE
CHARLOTTE, NORTH CAROLINA
CHARLOTTE, NORTH CAROLINA
Savoy Apartments · Uptown Charlotte
Best-in-class.
In the heart
of Uptown.
A 302-unit, Class A multifamily community
with four ground-floor retail units in Second Ward.
DISCOVER SAVOY AVISON YOUNG · U.S. CAPITAL MARKETS GROUP
302Residential units
2018Year delivered
263,288Total rentable SF
4Ground-floor retail units
The opportunity
An Uptown address.
An exceptional asset.
Avison Young, as exclusive agent, is pleased to present Savoy Apartments, a 302-unit, Class A multifamily community with four ground-floor retail units in the heart of Uptown Charlotte’s Second Ward.
Delivered in 2018, this six-story, institutional-quality asset offers turnkey product with a best-in-class amenity package and walkable access to dining, major sports venues, and Uptown’s corporate employment base.
A stabilized, recently constructed asset with diversified income, Savoy offers investors reliable cash flow in a market positioned for tightening supply and forward NOI recovery.
View property details650 E. Brooklyn Village Avenue
Charlotte, NC 28202 · Second Ward
Charlotte, NC 28202 · Second Ward
Investment highlights
Strong fundamentals.
A clear path forward.
A recently constructed asset with diversified income and multiple drivers of rental demand and future growth.
68%
Year-over-year delivery decrease
A market supply cliff within a two-mile radius strengthens rent fundamentals.
27%
Below 2022 peak-year average
Historically low basis at a discount to replacement cost.
~10%
Projected NOI increase
A path from in-place NOI to year-one NOI recovery, with rents 5.2% below the 2023 peak.
50,000+
Fortune 500 headquarters jobs
Charlotte’s corporate base and robust education pipeline drive long-term rental demand.
6.3%
Rent PSF below the competitive set
The competitive set suggests additional achievable rent upside.
Figures and projections are presented in the 2026 Savoy offering materials. Projected results are estimates and are not guaranteed.
The location
At the center
of Charlotte.
Located in Uptown’s Second Ward, Savoy connects residents to Charlotte’s dining, entertainment, and corporate employment base.
With over 50,000 Fortune 500 headquarters jobs within less than one mile, Charlotte’s corporate base continuously draws high-income residents to the urban core.
Spectrum CenterBank of America StadiumUptown diningCorporate employment
Uptown CharlotteSECOND WARD · NORTH CAROLINA
Property profile
The details, at a glance.
302 residences. Four retail units.
One compelling Uptown opportunity.
Property summary
Savoy Apartments- Asset type
- Multifamily · Mid-rise
- Submarket
- Second Ward
- Year built / Stories
- 2018 / 6
- Lot area
- 2.64 acres
- Residential rentable area
- 250,699 RSF
- Retail rentable area
- 12,589 RSF
- Total rentable area
- 263,288 RSF
- Parking spaces
- 319
Residential unit mix
302 total units| Unit type | Units | % of total |
|---|---|---|
| Studio · 1 bath | 52 | 17% |
| 1 bedroom · 1 bath | 179 | 59% |
| 2 bedrooms · 2 baths | 66 | 22% |
| 3 bedrooms · 2 baths | 5 | 2% |
| Total | 302 | 100% |
Percentages are rounded as presented in the brochure.
96.03%
In-place residential occupancy2026 offering snapshot; portfolio occupancy dated August 24, 2026.
Call for offers
Discover the
Savoy opportunity.
Experience Savoy in person.
Select a tour window to include in your email request.
Additional tour dates available upon request.
Tours are scheduled directly with Angelo Donato.
Tour coordination
Angelo Donato
+1 919 995 1592angelo.donato@avisonyoung.comEmail to request a tour Opens your email app. Tour times are confirmed by the team.Avison Young
Let’s connect.
James Nelson
Principal
Head of U.S. Investment Sales
Erik Edeen
Principal
Senior Director, U.S. Investment Sales
James Hanson
Principal
U.S. Capital Markets
Steven Peden
Principal
Multifamily
Kim Troeller
Senior Analyst
U.S. Investment Sales
Hal Kempson
Principal
Debt Placement
SAVOY APARTMENTS · CHARLOTTE, NC302 UNITS · CLASS A · UPTOWN