Property Description:

The Brennan Team of Marcus & Millichap has been exclusively hired to sell two four-story apartment buildings totaling 32 units located in the Sunset Park section of Brooklyn, New York. The adjacent properties are located between 49th and 50th streets. The subject properties were built in 1910 and are of approximately identical size, both measuring 40 feet wide by 88 feet deep on lots that extend 100 feet deep. The properties are zoned R6A, and both are located in an opportunity zone. This purchase offers a patient buyer the excellent opportunity to acquire 32 units at an attractive return, in one of the more upwardly trending neighborhoods of New York City – Sunset Park. This section of Brookly has seen a wave of rental demand and growth, mostly due to the influx of jobs from Industry City as well as being home to the largest Chinatown in New York City.

Property Highlights

New High Efficiency Gas Boilers

Two 16 Unit Buildings on 6th Avenue in Prime Sunset Park

Buildings are in Good Condition

Strong Cash Flow

Excellent Location on 6th Avenue between 49th and 50th Streets

No Major Violations

Attractive Upside for a Patient Investor

Long-Term Family Owner