Marcus and Millichap has successfully sold 335 21st Street, a property consisting of 5 free-market residential units with no leases in place. The property is located on 21st Street between 6th and 7th Avenues in the Greenwood Heights section of Brooklyn, New York. The current zoning is R6B allowing a total of 5,008 square feet.
The subject property was built in 1899 and is comprised of two buildings on one tax lot. The front structure measures 25 feet wide by 40 feet deep and is three stories tall including a legal basement. Below the basement level there is a cellar that houses the boiler and utility meters for the front building. The rear building is a two story carriage house that measures 25 feet wide by approximately 15 feet deep. There is a separate basement that contains a gas boiler and hot water tank, which is paid for by the carriage house tenant.
The property is an excellent location of South Slope, where residential rents can reach $45/SF for renovated units.