Investment Overview

Marcus & Millichap presents 87 Joralemon Street, a fivestory brownstone building comprised of 10 residential apartments in the Brooklyn Heights neighborhood of Brooklyn, New York. The property is located between Garden Place and Hicks, and is a few blocks from the Borough Hall 2, 3, 4 & 5 train lines. The subject property was built in 1910 and measures approximately 20 feet by 48 feet deep on a lot that extends 100.67 feet deep. Including an approximately 63 square foot extension on both the first and second floors, the property measures a gross building size of approximately 4,926 square feet. Zoning is R6 and the property is in Tax Class 2B. 87 Joralemon offers the rare chance to acquire a five-story brownstone apartment building located on one of the most desirable blocks of Brooklyn Heights. The property offers cash-flow, with the potential for single-family, or condo, redevelopment in the future.