20 Unit Multifamily Building
4103 Seventh Avenue
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TerraCRG has been retained to exclusively represent ownership in the sale of 4103 and 4109 7th Avenue, two adjacent multifamily buildings in the Sunset Park neighborhood of Brooklyn. The listing for 4109 7th Avenue can be found here.
This offering provides a rare opportunity to acquire two contiguous multifamily buildings comprised of 36 units across from Sunset Park. 4103 7th Avenue is a 20 unit building on the corner of 41st Street and 7th Avenue. The adjacent building, 4109 7th Avenue, is comprised of 16 units.
The properties have the potential for significant upside as the buildings’ rents average ~$31/SF in a market where comparable properties are achieving rents exceeding $45/SF. The property is also ideally located for future ownership to capitalize on the large influx of tenants that require housing within Sunset Park to be close to jobs at Industry City – one of the largest office developments in the borough.
The building is located two blocks from Sunset Park’s booming 5th Avenue retail corridor and one block from 8th Avenue, two of Brooklyn’s busiest retail corridor with 8th Avenue home to New York City’s third largest and fastest growing Asian business district.