Itzhaki named exclusive agent for 304 East 6th St.
Itzhaki Properties has obtained an exclusive sales listing at 304 East 6th St., between First and Second Aves. in the East Village. The existing 4-story building contains a restaurant and a duplex apartment above. There are approved plans and permits in place to add 1.5 additional floors, increasing the floor area by 800 s/f.
Itzhaki Properties senior broker Jeremy Frank and sales associate Inbal Himelblau exclusively represent the seller of this investment property.
Upon completion of the proposed construction, the restaurant will occupy the basement, 1st and 2nd floors, a 1BR/1BA apartment will be on the 3rd floor, and a duplex two-bedroom/2-bath will be on the 4th and 5th floors complete with a home office and terrace. What makes this acquisition opportunity unique is that an investor can purchase the property as-is or close after the construction is completed. The seller will also consider offering financing to qualified buyers.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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