NEW YORK, NY – August 11, 2017 – Ariel Property Advisors has been exclusively retained to sell 961 42nd Street, a multifamily building in the prime Borough Park section of Brooklyn. The asking price for the four-story property is $9 million.

The walk-up building, which is 110’ wide and spans an impressive 35,320 square feet, is located on the north side of 42nd Street between 9th and 10th Avenues, one of Brooklyn’s most idyllic areas as it sits on the border of Borough Park and Sunset Park. The property contains 35 one- and two-bedroom units, all of which are rent stabilized. Of the 19 two-bedroom units, 10 are completely renovated with condo-like finishes, including stainless steel appliances, maple wood cabinets, and granite countertops.

Exclusive agents Jonathan Berman, Victor Sozio, Alexander McGee, and McNally Lee are representing the seller.

Over the past three years the building’s ownership has replaced the roof, skylights, dual boiler, basement sewer, water lines, security cameras, and all of the roof and basement doors. The entire building was water proofed and repointed.

“Rarely does a multifamily property of this scale, pristine condition, and significant upside come to market in such a prime location,” said Jonathan Berman, Director at Ariel Property Advisors. “

The property is a short walk from major attractions, such as Sunset Park, Prospect Park and Brooklyn’s Chinatown, and boasts an abundance of public transportation options, with the D train located four-blocks from the building.