1865 77th Street

GFI Realty Services LLC is pleased to present the exclusive offering of 1865 77th Street, a large corner (4)-story walk-up apartment building located at the intersection of 77th Street and 19th Avenue in the Bensonhurst section of Brooklyn. The prewar asset was constructed in 1927 and totals 32,000 sf occupying a 10,000 sf lot. The building is comprised of 37 rent stabilized apartments, including a super’s unit, and a vacant office space (potential conversion into two apartments). The apartments are configured as seven (2)-bedroom units and thirty (1)-bedroom units. The asset is ideally situated off two major commercial corridors in the area, 18th Avenue and 86th Street. Residents are able to have access to countless national and local businesses including Starbucks, Bank of America, Marshalls, the Gap, Chase Bank, Sprint, Foot Locker and P.C. Richards. The property is located within walking distance of Dyker Beach Golf Course, Bath Beach Park, McKinley Park as well as Milestone Park, a local attraction. Additionally, numerous institutions are within blocks of the asset including the Brooklyn Public Library-New Utrecht Branch, the United States Post Office and the Social Security Office. The D train, which runs on the BMT West End Line above 86th Street, provides a direct connection to Grand Street in Manhattan while the N and W trains, which runs on the BMT Sea Beach Line near 63rd Street, provides a direct connection to Canal Street. Subway stations in the neighborhood include New Utrecht Avenue / 62nd Street, 71st Street, 79th Street, 18th Avenue, 18th Avenue, 20th Avenue, 20th Avenue, Bay Parkway, Bay Parkway, 25th Avenue, Avenue N and Avenue P. This acquisition presents an investor with the unique opportunity to acquire a large income producing asset in Brooklyn. Bensonhurst is becoming a very desirable area to live in Brooklyn, with many new developments in the works attracting retail tenants with great shops, dining, and convenient transportation. The property is in excellent condition and is located in the heart of Bensonhurst on a prime corner surrounded by detached homes and similarly constructed low-rise buildings and just steps away from countless retailers, eateries and major subway lines.