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New York & Tri-State  + Outer  + Apartments  | 

66-Unit Bay Ridge Apartments Sold for $14M 

A 66-unit apartment property in Brooklyn was sold for $13.5 million. The name of the buyer and seller were not disclosed.  

Located at 252 74th St in Bay Ridge, the apartments offer access to various parts of Brooklyn. Shaun Riney and Mark Zarrella of Marcus & Millichap marketed the property on behalf of the seller and the buyer. 

Mark Zarrella, an investment specialist at Marcus & Millichap’s New York City office, noted that the recent introduction of a new ferry route has positively impacted the Bay Ridge neighborhood’s rent levels and pricing, leading to increased interest from new investors looking to tap into the area’s potential. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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