Marcus & Millichap has successfully sold 568 82nd Street, a three-story six-family apartment building on 82nd Street between 5th and 6th Avenues in the Bay Ridge section of Brooklyn, New York (Block: 6009, Lot 29). The building is built 25 feet by 73 feet and offers roughly 5,475 gross square feet not including an air-shaft located in the middle of the building. All six units are two-bedroom apartments, with 1F being slightly smaller than the other units.

This purchase opportunity is a brick six-family in excellent overall condition, with upgraded mechanicals and five out of six modernly renovated units. With two units presently vacant, a new investor is looking at a solid yield day one, with no capital expenditure needed to achieve the rents that are reflected in this marketing package. With additional renovations to the two current vacant units, a new operator can further capitalize on a residential market that is witnessing $25 - $35 per square foot.

The property is conveniently located a few blocks from prime 86th Street retail, as well as the "R" train on 4th Avenue.

• Bay Ridge Six-Family - Between 5th and 6th Avenues
• Prime Location Close to 86th Street Retail District
• New Gas Boiler and New Electrical
• Five Apartments Recently Renovated
• Turn-Key Condition with No Deferred Maintenance