The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 743 MacDonough Street, a six-unit free market multifamily building located between Thomas S. Boyland Street & Saratoga Avenue. It is built 25 ft x 72 ft, on a 25 ft x 100 ft, R6 zoned lot (Block: 01498 Lot: 0065). All 6 units are paying below-market rents allowing for immediate upside in the rent roll.
743 MacDonough Street is located in a rapidly developing section of Bedford-Stuyvesant, a short walk from both the Halsey Street “J” and the Ralph Avenue “C” subway station, providing for an easy commute to Manhattan and Downtown Brooklyn. 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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