Marcus and Millichap has been exclusively hired to represent ownership in the sale of 8701 and 8718 Ridge Boulevard, a multifamily building portfolio comprising 121 units: 11 three-bedroom apartments, 34 two-bedroom apartments, 67 one-bedroom apartments, and 9 studio apartments. The properties are located on Ridge Boulevard between 87^th and 88^th Street in the Bay Ridge neighborhood of Brooklyn.

The subject properties were built in 1926 and 1927. They measure 90 feet by 80 feet and 189 feet by 80 feet respectively on lots that extend 100 feet deep. The properties are zoned R3-2, BR.

Property Highlights

• Trophy 121 Unit Package in Bay Ridge | Excellent Location on Ridge Boulevard and 87th Street
• 65 Free-Market Units (54%) and 39 out of 56 Rent Stabilized Units Operating on a Preferential Rent
• Two 6 Story Elevator Buildings Facing Each Other
• 8718 Ridge Boulevard is 78 Units | 8701 Ridge Boulevard is 43 Units
• First Sale in 41 Years | Proud Family Ownership
• Excellent Addition to a Long-Term Investor’s Portfolio
• 8718 Ridge Boulevard Offers a Parking Lot with (12) Spots
• Pristine Condition with Many Recent Upgrades
• Professional Management Company in Place | Non-Union Superintendents Both On-Site