Marcus & Millichap - Tri Borough Multi-Family

584 Rugby Road

NY

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Price: $4,550,000
Building Size: 17,392 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5234
Matthew.Fotis@marcusmillichap.com
Tyler Workman
Tel: 212-430-1432
Tyler.Workman@marcusmillichap.com
Reid Adams
Tel: 646-805-1481
Reid. Adams @marcusmillichap.com
Description:

Marcus & Millichap is pleased to offer 584 Rugby Road, located on the corner of Newkirk Avenue in the Ditmas Park section of Brooklyn, New York.

The subject property, 584 rugby Road, is a four-story multifamily building that consists of 7 one-bedroom and 16 two-bedroom apartments. The property is built irregular and sits on an irregular lot with 37.87 feet of frontage on Newkirk Avenue and 109.6 Rugby Road totaling approximately 17,392 gross square feet. The property is zoned R7A, R3X allowing for approximately 6,600 gross square feet of available air rights (Block: 5199, Lot: 30)

This property offers investors the rare opportunity to purchase a corner apartment building with a very low average rent and attractive unit mix and available air rights in the Ditmas Park section of Brooklyn, NY.