SoldMixed-Use2021
$1,740,000
1073 Nostrand Avenue, Prospect Lefferts Gardens, Brooklyn
Marcus & Millichap · NY Multifamily Team
Completed as a member of the New York Multifamily team at Marcus & Millichap, alongside Shaun Riney and colleagues.
The transaction
A mixed-use building on Nostrand Avenue in Prospect Lefferts Gardens, three stories of red brick with limestone trim, a 24-hour laundromat holding the ground floor and apartments above. On a corridor like Nostrand the commercial tenant does a lot of the work in the valuation, and a laundromat is the kind of tenant that tends to stay put. Closed at $1,740,000 in June 2021.
Deal facts
Asset typeMixed-use
NeighborhoodProspect Lefferts Gardens
ClosedJune 2021
Sale price$1,740,000
