Investment Overview

Marcus & Millichap is pleased to offer 950-952 Bergen Street between Bedford Avenue and Franklin Avenue in the Crown Heights section of Brooklyn, New York. The subject property, 950-952 Bergen Street is comprised of two four-story multifamily buildings that consists of twenty residential apartments, of which seven are free market and thirteen are rent stabilized. There are six studios, two one-bedrooms, eight two-bedrooms, and four three-bedrooms. Each building is built 26 feet by 78 feet and sits on a 52 foot by 100.33 foot lot with approximately 16,244 gross square feet. The property is zoned R7A, C2-4 allowing for approximately 4,645 gross square feet of available air rights (Block: 01217, Lot: 0012) This property offers investors the opportunity to purchase two multifamily buildings with renovated apartments, an attractive unit mix and a low average rent steps away from Franklin Avenue in the Crown Heights section of Brooklyn, New York.