Mixed-Use

229 65th Street

229 65th Street, Brooklyn, NY 11220

Listing Price: $1,700,000

Cap Rate
6.69%
Number of Units
6
Price/Unit
$283,333
Price/Gross SF
$472.22
Gross SF
3,600

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in the Sunset Park section of Brooklyn, New York. The
property is located at 229 65th Street and is a 20 ft x 60 ft building on a 25 ft x 100 ft lot (Block & Lot: 05816-
0065). The property is zoned M1-1 and the building code is S5.

The building is three stories and has a total of five units with one retail, a double-wide garage, concrete shed, three storage units and a laundry room. The total building square footage is 3,600. The unit mix is three 2BR and two 3BR with an average apartment rent of $1,820.

Express 59th Street train station with "N" and "R" access to Manhattan six or seven blocks away. Walking distance to Sunset Park 5th Avenue retail/shops and walking distance to Bay Ridge 3rd Avenue retail/shops.

Investment Highlights

  • Good condition
  • Three renovated units
  • Updated electric

Exclusively Listed By

Listing Price: $1,700,000

Cap Rate
6.69%
Number of Units
6
Price/Unit
$283,333
Price/Gross SF
$472.22
Gross SF
3,600

Investment Highlights

  • Good condition
  • Three renovated units
  • Updated electric

Investment Overview

Marcus & Millichap is pleased to offer the following opportunity in the Sunset Park section of Brooklyn, New York. The
property is located at 229 65th Street and is a 20 ft x 60 ft building on a 25 ft x 100 ft lot (Block & Lot: 05816-
0065). The property is zoned M1-1 and the building code is S5.

The building is three stories and has a total of five units with one retail, a double-wide garage, concrete shed, three storage units and a laundry room. The total building square footage is 3,600. The unit mix is three 2BR and two 3BR with an average apartment rent of $1,820.

Express 59th Street train station with "N" and "R" access to Manhattan six or seven blocks away. Walking distance to Sunset Park 5th Avenue retail/shops and walking distance to Bay Ridge 3rd Avenue retail/shops.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower