Marcus & Millichap has successfully sold 98 Bay Ridge Avenue, a three-story six unit apartment building located between Narrows Avenue and Colonial Road in the Bay Ridge section of Brooklyn, New York (Block: 05869; Lot: 0030). The property is built approximately 20 feet wide by 85 feet deep, sitting on a 25 foot by 100 foot lot. Total gross square footage is approximately 5,100.

The subject property is currently comprised of five-two bedroom units, while apartment 1F is a one bedroom unit. Some of the apartments have been recently renovated and unit 1R has a private rear deck. The condition of the property is above-average, with minimal deferred maintenance to the new investor.

The property offers new investors the opportunity to acquire a turn-key asset with the ability to capitalize on the future growth of this neighborhood.

• Attractive Brick Six Family Property Built 20 Feet by 85 Feet
• Ideal Unit Mix of Five-Two Bedroom Units and One-One Bedroom Unit
• Property is in Above-Average Condition with Some Renovated Units
• Solid Rent Roll with Existing Upside
• Desirable Location near 69th Street Pier, 3rd Avenue, Owl's Head Park, and the "R" Train