NEW YORK, NY – February 20, 2020 – Ariel Property Advisors has been retained to sell 862 Dekalb Avenue, a 31-unit, mixed-use rental property in the Bedford-Stuyvesant neighborhood of Brooklyn. The $15.8 million, 24,885-square-foot property, located between Throop Avenue and Marcus Garvey Boulevard, includes 28 residential units and three commercial units. Exclusive Ariel Property Advisors agents for the property are Jonathan Berman, Director, Investment Sales; Victor Sozio, Executive Vice President, Investment Sales; James Meehan, Associate Director, Investment Sales; and Michael Tortorici, Executive Vice President, Investment Sales.

This six-story, elevator building sits on a 7,500-square-foot lot. With special attention to light and air, units champion comfort for residents with an abundance of natural light and unobstructed views of the neighborhood. A majority of units features large, private outdoor space, with all units containing dishwashers and washer-dryers. Additionally, the units are flexible to allow for future bedrooms and varied floorplans.

“With an organic market right around the corner, a plethora of fine dining options and the newly improved G train nearby, this property is perfect for residents looking to be at the center of one of Brooklyn’s most desirable neighborhoods,” said Berman.“Bed-Stuy is one of Brooklyn’s most active markets with its mix of history and a dynamic social scene.”

The building’s residential units include four (4) studios, 15 one-bedroom, seven (7) two-bedroom and two (2) three-bedroom apartments, including five (5) duplexes. There are also three (3) commercial units consisting of two (2) stores located on the ground floor in the front of the building, including an office with a private entrance in the back of the building. Building amenities include two lounge areas, a gym, a bike room and a rooftop terrace for all residents to enjoy. The entire building features a split system of heating and cooling units that run on electricity and a sprinkler room.