Press Release brought to you by LichtensteinRE

LichtensteinRE Retained as Exclusive Broker to Sell 42 Family 1068 Ocean View Avenue, Brighton Beach Brooklyn

05/12/2014

Riverdale, New York. (May 12, 2014)  LichtensteinRE has been retained on an exclusive basis to sell a 42 unit multifamily apartment building located at 1068 Ocean View Avenue on the Corner of Brighton 12th Street in the Brighton Beach section of Brooklyn. The asking price is $8,250,000.

The property is a very desirable 100 foot by 100 foot corner property with numerous windows to maximize tenant exposure to light and sun. This 4 story, 42 one bedroom unit building, is in good condition and fully rented. The property, containing 126 rooms, has an average residential income of $1,250 a month leaving plenty of upside to a capable buyer. The boiler is brand new.

The building is located on a nice, clean street, directly across from a school.  The property is a short walk from busy Brighton Beach Avenue’s shopping and popular Russian restaurants. Additionally, tenants have easy access to the beautiful Atlantic Ocean beach and world famous Boardwalk making high demand summertime rentals a rare commodity. The luxurious Oceania apartment complex is two blocks away.   Tenants are also a one block walk from Sheepshead Bay to enjoy fishing, boating activities and some of the best Oysters and Clams anywhere.

Finally, the property is located near major streets like Coney Island and Brighton Beach Avenues and the Belt Parkway.

The property is being marketed exclusively by Andrew Lichtenstein. LichtensteinRE has been actively selling multifamily property for its clients in and around New York City.

 

About LichtensteinRE

LichtensteinRE specializes in the exclusive sales of multifamily and mixed use commercial real estate properties in New York City’s 5 boroughs. LichtensteinRE is a full service Commercial Real Estate Sales, Financing and Advisory Service Boutique based in New York City, the financial capital of the world. LichtensteinRE’s proven experience, track record, financing ability, exclusive buyers and connections with tens of thousands of property owners assures their selling clients the best possible price when a landlord owner wants to sell their property.

DoctorMortgage, which is LichtensteinRE’s financing division, has been a leader in commercial real estate mortgage debt financing since 1991. DoctorMortgage is able to negotiate and facilitate financing to deliver the best price, leverage and return on investment possible.

LichtensteinRE’s greatest ability is creativity and problem solving. After selling the owner’s property, LichtensteinRE has assisted successful sellers in locating replacement 1031 tax deferred exchanges and in some cases has more than doubled the seller’s net income post-closing. To learn more contact Andrew Lichtenstein at (800) 242-9888 or AL@LichtensteinRE.com

05/12/2014 - 12:38

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LichtensteinRE

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