Marcus & Millichap - Tri Borough Multi-Family

991-993 President Street

991-993 President Street
, Brooklyn

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Price: $17,000,000
Building Size: 46,112 Square Feet
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to offer 991-993 President Street, located between Washington Avenue and Franklin Avenue in the Crown Heights section of Brooklyn, NY.

991 President Street is a four story residential building that consists of 29 one-bedroom and 4 two-bedroom apartments. The property is built 60 ft x 110 ft and sits on a 60 ft x 131 ft lot with approximately 25,152 gross square feet. The property is zoned R6A (Block: 1187, Lot: 66)

993 President Street is a four story residential building that consists of 22 one-bedroom and 8 two-bedroom apartments. The property is built 50 ft x 115 ft and sits on a 50 ft x 131 ft lot with approximately 20,960 gross square feet. The property is zoned R6A (Block: 1187, Lot: 64)

The properties offers investors the rare opportunity to purchase a large elevator apartment building in with luxury finishes in the recently renovated apartments and a low average apartment rent located steps from Prospect Park in the Crown Heights section of Brooklyn, New York.