EASTERN CONSOLIDATED IN THE PRESS
AS PRINTED IN CITYBIZLIST ON SEPTEMBER 14, 2016
Eastern Consolidated Selected As Exclusive Agent To
Market Two Brooklyn Multifamily Properties
Asking price $28
million for Brighton
Beach buildings at
3051 Brighton Third
Street and 3066
Brighton Fourth
Street
Eastern Consolidated has
been selected as the exclusive
agent to sell two adjacent
mixed-use properties with 57
residential apartments and
two commercial units at 3051
Brighton Third Street and
3066 Brighton Fourth Street in
the Brighton Beach section of
Brooklyn. The asking price is
$28 million for the pair.
Matthew Sparks
Senior Director, Principal
Matt Sparks, Senior Director
and Principal, Ilya Gamer,
Director, and Ron Kavral,
Associate
Director,
are
marketing the properties.
Gary Meese, Senior Director,
Financial Services, is the
analyst for the deal.
The three-story, 24,421square-foot building at 3051
Brighton Third Street contains
33 residential apartments,
of which one is a studio,
29 are one bedrooms, two
are two bedrooms, and one
is a three bedroom, and a
12,000-square-foot
below
grade space with 18 parking
spaces, a laundry facility, and
office space. Additionally, the
building includes a five-stop
elevator that reaches the
lower parking garage.
Constructed in 2014, both
of the fully leased buildings
include commercial units
occupied by Home Family
Care, Inc. and on-site parking.
The four-story, 28,670-squarefoot building at 3066 Brighton
Fourth Street contains 24
residential apartments, of
which four are studios, 14
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Ilya Gamer
Director
Ron Kavral
Associate Director
are one bedrooms, and six
are two bedrooms; a laundry
room; and eight parking
spaces.
used top of the line materials,
creating a turnkey asset that
will stand the test of time.”
Gamer continued, “Brighton
Beach has experienced a
resurgence in recent years
and is poised to benefit
from continued growth in
the neighborhood. These
properties are ideally located
a few blocks from the B and
Q subway trains on Brighton
Beach Avenue, which is
the neighborhood’s primary
retail corridor, and Brighton
Beach and the Riegelmann
Boardwalk.”
“This offering presents multifamily investors with the
opportunity to acquire two
recently constructed mixeduse buildings with strong inplace income and inherent
upside potential,” Sparks said.
“In addition, both buildings
will require minimal operating
expenses, as the tenants
pay their own heat, which is
provided by the highly efficient
split Mitsubishi system.”
Kavral added, “The developer
put a tremendous amount
of work into the project and
Brighton
Beach
Avenue
features an array of food
markets,
restaurants,
independent specialty retail
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stores, national chains and
local service businesses.
Foot traffic generated by
the Brighton Beach Avenue
subway
station,
retail
amenities, and beach creates
a dynamic and vibrant street
scene.
The buildings also are within
close proximity to the world
famous Coney Island Beach,
Boardwalk and Amusement
Park, the New York Aquarium,
Brooklyn Cyclones minor
league baseball stadium and
numerous ocean side parks
and recreational areas.
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