Marcus & Millichap - Tri Borough Multi-Family

79 4th Avenue

79 4th Avenue

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Price: $950,000
Building Size: 5,672 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206

In the summer of 2011, we were hired exclusively to market one mixed-use property at 79 4th located on the South East corner of St. Marks’s Place and 4th Avenue in the Park Slope section of Brooklyn, NY. The building was composed of 7 rent stabilized apartments and 1 retail-unit. We were able to generate 14 competitive offers in writing. Ultimately, we sold the property to the developer who purchased the adjacent/surrounding properties so that they could have control of the building during their development process.