Press Releases
Marcus & Millichap Arranges $16.4 Million Sale of Mixed-Use Buildings in Williamsburg
July 31, 2026
NEW YORK, July 31, 2026 – 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 235-237 Kent Ave., two mixed-use buildings in Brooklyn, for $16.4 million.
“We are happy to successfully complete a round trip for our seller, whom we previously sold the property for $12.3 million in 2021 during the pandemic,” said Shaun Riney of Marcus & Millichap in New York City. “The property is turnkey and located on the world-class corridor of Kent Avenue. The buyer was completing a 1031 exchange following the sale of a property in downtown Manhattan.”
Riney, Michael Salvatico and Harrison Rich of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
Built in 1954, the buildings total 13,575 square feet and comprise 14 units, including 12 free-market two-bedroom apartments and two ground-floor commercial spaces. The apartments feature private outdoor space, including terraces and balconies, while a top-floor duplex offers skyline views. The commercial space is occupied by a restaurant and Ume Sushi.
The property is one block from the East River waterfront, the Domino Sugar redevelopment, and the Bedford Avenue L subway station.
“We are happy to successfully complete a round trip for our seller, whom we previously sold the property for $12.3 million in 2021 during the pandemic,” said Shaun Riney of Marcus & Millichap in New York City. “The property is turnkey and located on the world-class corridor of Kent Avenue. The buyer was completing a 1031 exchange following the sale of a property in downtown Manhattan.”
Riney, Michael Salvatico and Harrison Rich of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
Built in 1954, the buildings total 13,575 square feet and comprise 14 units, including 12 free-market two-bedroom apartments and two ground-floor commercial spaces. The apartments feature private outdoor space, including terraces and balconies, while a top-floor duplex offers skyline views. The commercial space is occupied by a restaurant and Ume Sushi.
The property is one block from the East River waterfront, the Domino Sugar redevelopment, and the Bedford Avenue L subway station.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
