The Brennan Team successfully completed the sale of 232 54th Street, a six unit apartment building in the Sunset Park neighborhood of Brooklyn, New York. The subject property, located on 54th Street between 2nd and 3rd Avenues, is comprised of four one-bedroom and two two-bedroom units. Built 20 feet by 70 feet and sitting on lot measuring 20 feet by 100 feet, this three story property offers 4,200 gross square feet. Zoning is R6B and the property was built in 1911. (Block: 821, Lot: 18).

This property offers investors' significant upside in the rent roll with minimal deferred maintenance. Along with this building's proximity to Lutheran Medical Center, this is a location that will benefit from the city's planned redevelopment of Sunset Park's waterfront. There has been, and will continue to be, substantial gentrification in this neighborhood of Brooklyn over the next several years.

• Brick Construction Six Family
• New Roof and Upgraded Gas Boiler
• One Apartment Delivered Vacant
• Upside in the Current Rent Roll
• Rapidly Improving Brooklyn Sub-Market
• Close Proximity to Lutheran Medical Center