346 MARCUS GARVEY BOULEVARD -...

346 MARCUS GARVEY BOULEVARDBrooklyn, NY

346 MARCUS GARVEY BLVD

Brooklyn, NY

ACT ID X0340827

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in

this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation

with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any

agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of

providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE

CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we

make no representations or warranties, express or implied, as to the accuracy of the information. References to

square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus &

Millichap. All rights reserved.


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INVESTMENT

OVERVIEW

PROPERTY OVERVIEW


PROPERTY OVERVIEW

The subject property, 346 Marcus Garvey Boulevard, is a four-story apartment building located on Marcus GarveyBoulevard between Jefferson Avenue and Putnam Avenue in the Bedford Stuyvesant section of Brooklyn, NewYork. The building is built approximately 22 feet by 50 feet and sits on a 23 foot by 95 foot lot.

The property is currently comprised of eight residential units. All the apartments are studios, which measure about400 Square Feet each. The building was illegally converted into 8 units from a 3 unit building in 2010. None of thetenants are currently paying, leaving tremendous upside as a potentially free market, 8 unit building in prime Bed-Stuy location..

The building is located in Bed-Stuy with the A,C Trains at Kingston-Throop Avenue and the J,Z Trains at GatesAvenue within walking distance. The property is zoned C2-4/R6B.

PROPERTY OVERVIEW

Prime Bedford Stuyvesant Location | Trendy Restaurants

Peaches & MacDonough Café Located Within Walking

Distance

Potential for a Free Market 8 Unit Building | 8 Studios

Approx. 400 Square Feet Each

Built 22 x 50 | Approx. 4,400 Square Feet

Tremendous Upside in Residential Rents

A,C,J,Z Trains Within Walking Distance | 15 Minute

Commute into Manhattan

New 89 Unit Hotel Development at 1200 Broadway | 70 Unit

Apartment Development at 785 DeKalb Close By

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LOCAL MAP


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AERIAL PHOTO


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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


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RENT ROLL DETAIL

*Tenants are not currently paying rent*

FINANCIAL ANALYSIS


OPERATING STATEMENT

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FINANCIAL ANALYSIS


CURRENT PRICING

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FINANCIAL ANALYSIS


PRICING DETAIL

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www.MarcusMillichap.com

P R E S E N T E D B Y

Luca Cobucci

Licensed Real Estate Salesperson

Brooklyn Office

Tel: (718) 475-4395

Fax: (718) 475-4310

[email protected]

License: NY 10401277338

Eric Eckhardt

Licensed Real Estate Salesperson

Brooklyn Office

Tel: (718) 475-4342

Fax: (718) 475-4310

[email protected]

License: NY 10401277338

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