Press Releases
Marcus & Millichap Brokers $3.35 Million Sale of Brooklyn Multifamily Property
November 20, 2023
NEW YORK, Nov. 20, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a multifamily apartment building at 923 Bedford Ave in Brooklyn, New York. The property sold for $3,350,000.
"This sale represents the continued strengthening demand for free-market buildings in well-located submarkets,” said Daniel Greenblatt. “The buyer has previously sold an apartment building on the Upper West Side, and this marks their first purchase in Brooklyn."
Greenblatt and Shaun Riney, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, Eyny family, was also procured by Greenblatt and Riney.
Built in 1901, this four-story, eight-unit apartment building is located in the Bedford-Stuyvesant neighborhood. It comprises studio, one-bedroom, and two-bedroom units. National retailers nearby include Chase Bank, Home Depot, and Walgreens. The Bedford-Nostrand subway station, servicing the G line, is in close proximity.
"This sale represents the continued strengthening demand for free-market buildings in well-located submarkets,” said Daniel Greenblatt. “The buyer has previously sold an apartment building on the Upper West Side, and this marks their first purchase in Brooklyn."
Greenblatt and Shaun Riney, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, Eyny family, was also procured by Greenblatt and Riney.
Built in 1901, this four-story, eight-unit apartment building is located in the Bedford-Stuyvesant neighborhood. It comprises studio, one-bedroom, and two-bedroom units. National retailers nearby include Chase Bank, Home Depot, and Walgreens. The Bedford-Nostrand subway station, servicing the G line, is in close proximity.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
