76 Bay 23rd St, Brooklyn, NY 11214

Marcus & Millichap is pleased to present 76 Bay 23rd Street, an exceptionally large 16-unit multifamily investment opportunity located in the desirable Bath Beach neighborhood of Brooklyn. Spanning more than 15,000 square feet, the Property features a highly desirable unit mix of spacious two- and three-bedroom apartments, catering to the strong demand for larger residential units in the Brooklyn rental market. The building's substantial size and efficient layout provide investors with durable cash flow and meaningful long-term upside through continued rental growth and operational optimization. Offered at an attractive basis of approximately $136 per square foot, the Property presents a compelling value proposition that is rarely available for assets of this scale in Brooklyn. Situated on Bay 23rd Street in the heart of Bath Beach, the Property benefits from convenient access to neighborhood shopping, dining, public transportation, and nearby parks while maintaining a stable residential setting that supports consistent occupancy. 76 Bay 23rd Street represents a rare opportunity to acquire a large-scale multifamily asset with an attractive basis, strong fundamentals, and significant long-term upside. Excellent Location in Bath Beach 1 Block from 86th Street • Exceptionally Large 16 Family Building Over 15,000 Square Feet • Prime Location of Bath Beach on Bay 23rd Street • Mix of Three- and Two-Bedroom Apartments • Long-Term Upside • Low Basis of $136/SF