Marcus & Millichap - Tri Borough Multi-Family

1077 Brighton Beach Ave

1077 Brighton Beach Ave
, Brooklyn

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Price: $1,275,000
Building Size: 3,510 Square Feet
Property Type: Multi Family
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
INVESTMENT OVERVIEW:

In the summer of 2010, we were hired exclusively to market one mixed-use property at 1077 Brighton Beach Avenue, located between Brighton 12th Street and Brighton 13th Street in the Brighton Beach section of South Brooklyn, NY. The mixed-use property was composed of 2 apartment units and 1 retail units. We were able to generate 14 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 after contract signing as while obtaining a mortgage from a bank.