Marcus and Millichap has successfully sold 274 73rd Street, a three story walk-up apartment building comprised of six one-bedroom apartments. The building is located on 73rd Street between 3rd Avenue and Ridge Boulevard in the Bay Ridge neighborhood of Brooklyn, New York. The subject property totals approximately 3,780 gross square feet, and measures 20 feet wide by 63 feet deep, on a lot that extends 100 feet. This property is located within three minutes of the R train Station at 77th Street or 69th Street, providing easy access to Manhattan and other locations of Brooklyn.
Three of the six units will be delivered vacant upon sale; two of which are free-market. A new investor can capitalize immediately on a rental market that has seen noticeable increases in average rents per square foot over the past 24 months.