Marcus & Millichap Brokers $3.35M Sale of Brooklyn Multifamily Property

923 Bedford Ave in Brooklyn, New York
Built in 1901, this four-story, eight-unit apartment building is located in the Bedford-Stuyvesant neighborhood of Brooklyn. It comprises studio, one-bedroom, and two-bedroom units. National retailers nearby include Chase Bank, Home Depot, and Walgreens. The Bedford-Nostrand subway station, servicing the G line, is in close proximity.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a multifamily apartment building at 923 Bedford Ave in Brooklyn, New York. The property sold for $3,350,000.

“This sale represents the continued strengthening demand for free-market buildings in well-located submarkets,” said Daniel Greenblatt. “The buyer has previously sold an apartment building on the Upper West Side. This marks their first purchase in Brooklyn.”

Greenblatt and Shaun Riney, investment specialists in Marcus & Millichap’s Manhattan office, brokered the deal. They had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, Eyny family, was also procured by Greenblatt and Riney.