1742 East 2nd Street

Marcus & Millichap is pleased to present 1742 East 2nd Street, a 16-unit multifamily property located at the corner of Quentin Road and East 2nd Street in the Midwood section of Brooklyn. Situated on a 3,200-square-foot corner lot, the Property encompasses approximately 10,200 square feet across a 32-foot by 90-foot building footprint. The building consists of 16 rent-stabilized residential units, all currently operating under preferential rents, creating a legitimate path for future revenue growth as rents are reset in accordance with applicable regulations. Renovated one-bedroom apartments in the immediate area are achieving rents exceeding $2,000 per month, highlighting the Property's embedded upside. Long-term generational ownership has resulted in excellent physical condition, with no rental arrears and no anticipated near-term capital expenditure requirements, allowing new ownership to focus on operational growth rather than deferred maintenance.Located in one of South Brooklyn's strongest residential neighborhoods, 1742 East 2nd Street benefits from its prominent corner location, convenient access to the Kings Highway commercial corridor, public transportation, neighborhood retail, and local amenities.Exceptional Opportunity | 16 Family With No Cap Ex Required•All 16 Units Operating On A Preferential Rent•Legitimate Upside With Renovated One-Bed Rentals Achieving $2,000+/Month In This Location•No Rental Arrears•Long Term Generational Ownership•Corner Building In Prime Location Of Midwood