Marcus & Millichap - Tri Borough Multi-Family

488 Dekalb Avenue

488 Dekalb Avenue
, Brooklyn

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Price: $575,000
Building Size: 3,180 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

In the fall of 2011, we were hired exclusively to market 488 De Kalb Avenue, a mixed-use building located between Skillman Avenue and Franklin Avenue in the Clinton Hill section of Brooklyn. The property was composed of 2 free-market apartments and over 1,000 square feet of first floor retail space. We were able to generate 7 competitive offers in writing. Ultimately, we procured a buyer who was an owner in the neighborhood looking to expand their portfolio. The buyer signed a non-contingent contract and closed in 90 days while obtaining financing from a bank.