Marcus & Millichap - Tri Borough Multi-Family

142 4th Avenue

142 4th Avenue
, Brooklyn

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Price: $1,450,000
Building Size: 4,356 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

Marcus & Millichap is pleased to offer 142 4th Avenue. Located between Butler and Baltic Street in the Park Slope section of Brooklyn, New York, it is a four-story multi-family apartement building with four residential units. The property is built 21 feet by 52 feet and sits on a 21-foot by 82-foot lot for a total of 4,356 square feet. The property is zoned C2- 4/R8A. Currently there are approximately 6,000 square feet of air rights available. (Block: 407 Lot: 35) Currently, there are no leases in place on any of the apartments and the building is not subject to rent regulations as it is a four family. The property also benefits from a C2-4 commercial overlay which could allow for a retail component in the building. This property offers investors the rare opportunity to purchase a non-rent regulated apartment building with very low average rents and substantial air rights available on the 4th Avenue corridor in the Park Slope section of Brooklyn, New York.