Marcus & Millichap - Tri Borough Multi-Family

300-310 10th Street

300-310 10th Street
, Brooklyn

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Price: $7,950,000
Building Size: 50,000 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

In the spring of 2006, we were hired exclusively to market two mixed-use properties at 300 7 310 10th Street, in the Park Slope section of Brooklyn, NY. It was composed of 25 apartment units, 3 retail units. The seller was retiring and no longer wanted to manage the property, they were fortunate to have chosen a time in the market where values had peaked. We were able to generate 17 competitive offers in writing. Ultimately, we procured a buyer in a 1031 Exchange brought by another Marcus & Millichap agent from our Manhattan Office, who paid $220,000 over the next highest offer and closed in 90 days while still obtaining a mortgage from a bank.