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Multifamily

202-206 42nd Street

202 42nd St, Brooklyn, NY 11232

Listing Price: $3,000,000

Cap Rate
1.15%
Number of Units
5
GRM
43.10
Price/Unit
$600,000
Price/Gross SF
$514.05
Gross SF
5,836

Investment Overview

Marcus and Millichap is proud to present 202-206 42nd Street, a mixed-use portfolio comprised of 3 two story buildings on the corner of 42nd Street and 2nd Avenue. The portfolio consists of 3 two-bedroom apartments and 2 commercial spaces. The properties are located on the corner of 2nd Avenue and 42nd Street in the Sunset Park neighborhood of Brooklyn.
The subject properties combined lot size measures 49.34 feet wide by 100.17 feet deep. The properties are zoned M1-2.
The subject property is located 8 blocks from the 36th Street [ N, R, D ] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • • Proximity to Industry City
  • • Half Vacant Property
  • • 3 Buildings Located on A Busy Corner
  • • Fully Free Market
  • • M1-2 Zoning – Flexible Future Development Opportunity

Exclusively Listed By

Multifamily

202-206 42nd Street

Listing Price: $3,000,000

Cap Rate
1.15%
Number of Units
5
GRM
43.10
Price/Unit
$600,000
Price/Gross SF
$514.05
Gross SF
5,836

Investment Highlights

  • • Proximity to Industry City
  • • Half Vacant Property
  • • 3 Buildings Located on A Busy Corner
  • • Fully Free Market
  • • M1-2 Zoning – Flexible Future Development Opportunity

Investment Overview

Marcus and Millichap is proud to present 202-206 42nd Street, a mixed-use portfolio comprised of 3 two story buildings on the corner of 42nd Street and 2nd Avenue. The portfolio consists of 3 two-bedroom apartments and 2 commercial spaces. The properties are located on the corner of 2nd Avenue and 42nd Street in the Sunset Park neighborhood of Brooklyn. The subject properties combined lot size measures 49.34 feet wide by 100.17 feet deep. The properties are zoned M1-2. The subject property is located 8 blocks from the 36th Street [ N, R, D ] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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