Atlantic Avenue Multifamily On The Market
BROOKLYN—A 5,500-sq.-ft. multifamily investment in downtown Brooklyn, situated on the Atlantic Avenue corridor, is on the market, sale priced at $1.7 million, according to John Horowitz, Regional Manager of Marcus & Millichap Real Estate Investment Trust's Brooklyn office.
Marcus & Millichap Associate Matt Rosenzweig is representing the seller in marketing 452 Atlantic Avenue, located between Bond Street and Nevins Street, within the special downtown Brooklyn zoning district.
The seller is a private owner who has maintained the property meticulously. “Nearly 3,000 units of newly constructed apartment units have been absorbed into this submarket in the past year," said Rosenzweig.
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© 2012 Penton Media Inc.
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