Multifamily
471 78th Street
471 78th St, Brooklyn, NY 11209
Listing Price: $1,300,000
Investment Overview
The Brennan Team of Marcus and Millichap has been exclusively hired to sell 471 78th Street, a three-story brick apartment building comprised of 6 units. The property is located on 78th Street, between 4th and 5th Avenues in the Bay Ridge neighborhood of Brooklyn. The subject property was built in 1931 and measures 20 feet wide by 83 feet deep and extends 100 feet deep. The property is zoned R4-1 and is located within a few blocks of the 77th Street [R] Train Station, providing easy access to Manhattan and the rest of Brooklyn. 471 78th Street is a clean, well-managed brick 6 family. For investors predicting that the Housing Stability Tenant Protection Act of 2019 will eventually be re-adjusted, this property holds substantial future upside in all 6 regulated rents and would be a low-basis purchase at $261/per square foot in an a highly desirable submarket
Exclusively Listed By
Investment Highlights
- Bay Ridge 6 Unit Walk-Up Apartment Building
- Seller-Financing Considered on Case-by-Case Basis
- Front & Back Layouts with 5 Two Bedrooms and 1 One Bedroom
- Brand New Stucco & Insulation in Courtyard and Rear Exterior
- 6-Year-Old Gas Boiler
- Updated Apartments
Investment Overview
The Brennan Team of Marcus and Millichap has been exclusively hired to sell 471 78th Street, a three-story brick apartment building comprised of 6 units. The property is located on 78th Street, between 4th and 5th Avenues in the Bay Ridge neighborhood of Brooklyn. The subject property was built in 1931 and measures 20 feet wide by 83 feet deep and extends 100 feet deep. The property is zoned R4-1 and is located within a few blocks of the 77th Street [R] Train Station, providing easy access to Manhattan and the rest of Brooklyn. 471 78th Street is a clean, well-managed brick 6 family. For investors predicting that the Housing Stability Tenant Protection Act of 2019 will eventually be re-adjusted, this property holds substantial future upside in all 6 regulated rents and would be a low-basis purchase at $261/per square foot in an a highly desirable submarket
Exclusively Listed By
