Marcus and Millichap has successfully sold 632 73rd Street, a three story apartment building comprised of six rent-stabilized apartment units. The subject property is located on 73rd Street between 6th and 7th Avenue in the Bay Ridge neighborhood of Brooklyn, New York.
The building totals approximately 4,920 gross square feet, and measures 20 feet wide frontage by 82 feet deep, on a lot that extends 100 feet deep.
This property is located within five minutes of the 77th Street "R" train station providing easy access to Manhattan, and other locations of Brooklyn.
This is an excellent opportunity to purchase a brick six family at a low price per square feet, with major upside in a stabilized rent roll that is nearly half of what the market would allow. Bay Ridge has seen a nine percent increase in sales volume for apartment buildings from 2016 to 2017, indicating continued investor confidence in the particular neighborhood.

• Bay Ridge Six Family on 73rd Street Between 6th and 7th Avenues
• Front and Back Apartment Layouts
• Incredible Future Upside for a New Investor
• Market Achieving $35-40 per Square Feet Buildings Average Rent is $15 per Square Feet
• New Gas Boiler
• Property is in Good Condition