Marcus and Millichap successfully closed 739 6th Avenue, a three-story mixed-use
building comprised of 4 one-bedroom apartments, and 1 retail unit. The property
is located on the corner of 6th Avenue & 23rd Street in the Greenwood Heights
neighborhood of Brooklyn.
The subject property was built in 1931 and measures 22.17 feet wide by 65 feet
deep on a lot that extends 73.83 feet deep. The property is zoned R6B.
The subject property is located 4 blocks from the 25th Street [D,N,R,W] Train
Station, providing easy access to Manhattan and the rest of Brooklyn.

•Strong Location in Greenwood Heights: Located on the corner of 6th Avenue and
23rd Street. An investor can capitalize on the close proximity to the popular 5th and
7th Avenue retail corridors as well as the 25th Street Subway Station. It is also a short
distance to Prospect Park and Industry City.
• Legitimate Upside in Below Market Rents: Fully free-market building where all
residential units are currently rented on a month-to-month lease and contain in-unit
laundry. A new investor may be able to come in an renovate all the units, in a
location where luxury-grade apartments can exceed $35-40/SF. The retail lease
expires in May 2024, and should rent for at least $25/SF.
• Rapidly Emerging Market With Strong Fundamentals: The neighborhood has seen a
surge of luxury grade condominium developments and rental units, as well as an
influx of restaurants and bars that cater to a wide demographic.