202-206 42nd Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11232

Photos

202-206 42nd Street — Sale in Brooklyn, NY, photo 1 of 2
202-206 42nd Street — Sale in Brooklyn, NY, photo 2 of 2

Investment Figures

Cap rate
1.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 • • Mostly Vacant Property • • 3 Buildings Located on A Busy Corner • • Fully Free Market • • M1-2 Zoning – Flexible Future Development Opportunity

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 1.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

Contact

  • John Brennan

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