Atlas Realty Group Partners has been named the sales agent for 242-248 Bainbridge St., a 32-apartment, contiguous residential property in Brooklyn’s Bedford-Stuyvesant neighborhood. ARG principal Shlomo Antebi is the lead broker for this assignment, which has a price target of $13,000,000.
The package consists of four contiguous walk-up apartment buildings, situated between Bed-Stuy’s Malcolm X Boulevard and Patchen Avenue. It includes a combination of two- and three-bedroom apartments and features two antennas as well as an on-site laundry facility. Most of the apartments at this property have been recently renovated.
“242-248 Bainbridge St. represents an extremely attractive opportunity for an investor who is looking for a cash-flowing asset that is well positioned for continued appreciation, due to a large number of market-rate apartments, an investor-friendly tax class status, and its location in a destination neighborhood,” Antebi said.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.