Bay Ridge Apartments Sold for $14M – 66 Units Available

A 66-unit apartment property in Brooklyn was sold for $13.5 million, with the names of the buyer and seller remaining undisclosed. Located at 252 74th St in Bay Ridge, these apartments offer access to various parts of Brooklyn. Shaun Riney and Mark Zarrella from Marcus & Millichap marketed the property on behalf of both parties involved in this transaction.
Mark Zarrella, an investment specialist from Marcus & Millichap’s New York City office commented that a new ferry route has positively impacted rent levels and pricing within Bay Ridge neighborhood – leading to increased interest among investors looking to capitalize on its potential growth opportunities.