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538 Bainbridge Street

PROPERTY METRICS

  • Property Size 5,585
  • Cap Rate 4.24%
  • Price / sq ft $412
  • Price $2,300,000
  • Property Type Multifamily
  • Address 538 Bainbridge St
  • City Brooklyn
  • State NY
  • Zip 11233

PROPERTY DETAILS

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 538 Bainbridge Street, a six-unit free market multifamily building located between Thomas S. Boyland Street & Saratoga Avenue. It is built 25.5 ft x 73 ft on a 25.5 ft x 100 ft, R6 zoned lot (Block: 01510 Lot: 0027). All 6 units are paying below-market rents allowing for immediate upside in the rent roll.

538 Bainbridge Street is located in a rapidly developing section of Bedford-Stuyvesant, a short walk from both the Halsey Street “J” and the Wilson Avenue “L” subway station, providing for an easy commute to Manhattan. It is also located steps from the Broadway retail corridor which has gone through a period of significant development that shows no signs of slowing down. Investors have the opportunity to purchase a strategically located, cash-flowing multifamily buildings in the growing Bedford-Stuyvesant section of Brooklyn where residential rents remain strong.

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