Marcus and Millichap has successfully sold 518 46th Street, a four story apartment building comprised of nine three bedroom apartments. The property is located on 46th Street between 5th Avenue and 6th Avenue in the Sunset Park neighborhood of Brooklyn. The subject property was built in 1926 and totals 7,060 gross square feet, measuring 25 feet wide by 80 feet deep, on a lot that extends 100.17 feet deep and is zoned R6B.
The subject property offers a new investor the opportunity to purchase a sizable brick nine family in one of the most rapidly improving sub-markets in New York City. Sunset Park is consistently talked about as a neighborhood with strong real estate fundamentals, seeing noticeable positive changes as Industry City continues to attract jobs and renters.