Investment Overview

Marcus & Millichap is pleased to offer the following opportunity located in the Crown Heights section of Brooklyn, New York. 198 Buffalo Avenue is located between Prospect Place & Park Place and contains a gross square footage of 8,800 SF. 198 Buffalo Avenue is a 13 unit building consists of 11 one BR and 2 two BR. The building has a new roof and new boiler. Units are in need of renovation. The property falls within an opportunity zone, and there is a four story adjacent development with penthouse that will yield 5841 sf residential space. The building is built on 50-foot by 100 foot lot (Block: 1368 Lot: 51). The property is zoned R-6.With just over 3,500 SF of air rights still available as of right and 50 feet of frontage with and existing 13 units, the building has incredible upside potential