Marcus and Millichap has successfully sold 1930 Bay Ridge Parkway, which is located between 19th Avenue and 20th Avenue in the Bensonhurst neighborhood of Brooklyn, New York (Block: 6228, Lot 17). The subject property is built 25 feet wide and 71.5 feet deep and sits on a 25 foot wide by 100 foot deep lot. In total, the subject property has approximately 5,375 gross square feet and is zoned R5. This six unit apartment building is comprised entirely of two-bedroom units. There are six rent stabilized apartments with one being a senior citizen rent exemption program tenant which reimburses the owner $418 per month in real estate taxes.

This property is a rare multi-family asset in a prime Bensonhurst location. The subject property is a large six unit apartment building with all two-bedroom units offering tremendous future upside. With preferential lease riders in place, the new owner has the opportunity to increase the rental income to the legal amount and capitalize almost immediately on the upside of the property.

The subject property is located four blocks from the 79th Street "D" train as well as a short walk from the 20th Avenue "N" train.

• Six Family Building in Prime Bensonhurst Location
• 25 Feet Wide by 71.5 Feet Deep
• All Two Bedroom Units
• 5,375 Gross Square Feet
• New Gas Boiler
• Four Blocks from 79th Street "D" Train and Short Walk to 20th Avenue "N" Train