Newmark has been exclusively retained by ownership to arrange for the sale of 890 & 911 Jefferson Avenue, Brooklyn, NY (“The Offering”). The two, multifamily walk-up buildings sit directly across from one another on the north and south sides of Jefferson Avenue and sit between Ralph and Howard Avenues in the Bedford-Stuyvesant neighborhood of Brooklyn.
890 & 911 Jefferson Avenue totals 12 residential units across both assets and are both 100% fair market. Each building offers 6-units entirely comprised of three- and four-bedroom style apartments. 890 Jefferson Avenue is approx. 4,875 SF and offers two, four-bedroom style apartments on the ground floor and four, three-bedroom apartments above. The two ground floor units are duplex style apartments with private yard access. 911 Jefferson Avenue is approx. 5,022 SF and consists of two, four-bedroom duplexes on the ground floor, three, three-bedroom apartments above and one additional four-bedroom unit on the top floor. The ground floor units in this asset also benefit from access to the private backyard.
Located in the heart of the Bedford-Stuyvesant neighborhood, both 890 and 911 Jefferson Avenues benefit from excellent public transit accessibility and proximity to public green spaces such as Saratoga Park. The properties are just a 5-minute walk to the J and Z trains offering quick access to key areas in the city. Additionally, the C train at Ralph Avenue is only a 10-minute walk away, further expanding transit options and makes commuting from this location both efficient and flexible.