Marcus & Millichap has successfully sold 152 29th Street, located between 3rd and 4th Avenue in the Greenwood Heights section of Brooklyn, New York. The subject property holds ten rent-stabilized apartment units. It consists of two separate buildings, a four-story walk-up made up of three -two bedroom and five-one bedroom units built 22 feet by 54 feet in the front; and a 25 foot by 25 foot carriage house in the rear with two-two bedroom units. The property stands on a 25 foot by 100 foot M1-2D zoned lot (Block: 00668 Lot: 0028).

The subject property is located just a short walk from the 36th Street and 4th Avenue "D", "N" & "R" Subway stop, offering an easy commute to Downtown Brooklyn and to Manhattan. It is also near the 72nd Police Precinct, the Industry City economic hub and the 4th and 5th Avenue retail corridors.

152 29th Street offers investors the unique opportunity to purchase a well maintained building with below market rents and to capitalize on the area's strong and steady growth in apartment rents by increasing the building's rent roll moving forward.

• 10 Unit Apartment building in Greenwood Heights
• Five one and five two Bedroom Apartment Units
• Near the "D", "N" & "R" 36th Street / 4th Avenue Subway Stop
• Near Industry City Economic Hub and 72nd Precinct
• Tremendous Growth Potential in the Property's Below-Market Rent Roll
• Strong and Ongoing Growth in local Apartment Rents and Property Values
• Well Maintained Building With no Deferred Maintenance
• Carriage House Apartment Tenants Pay Their Own Heat and Hot Water