Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 235-237 Kent Ave., two mixed-use buildings in Brooklyn, for $16.4 million.
“We are happy to successfully complete a round trip for our seller, whom we previously sold the property for $12.3 million in 2021 during the pandemic,” said Shaun Riney of Marcus & Millichap in New York City. “The property is turnkey and located on the world-class corridor of Kent Avenue. The buyer was completing a 1031 exchange following the sale of a property in downtown Manhattan.”
Riney, Michael Salvatico and Harrison Rich of Marcus & Millichap exclusively marketed the property on behalf of the seller and procured the buyer.
Built in 1954, the buildings total 13,575 square feet and comprise 14 units, including 12 free-market two-bedroom apartments and two ground-floor commercial spaces. The apartments feature private outdoor space, including terraces and balconies, while a top-floor duplex offers skyline views. The commercial space is occupied by a restaurant and Ume Sushi.
The property is one block from the East River waterfront, the Domino Sugar redevelopment, and the Bedford Avenue L subway station.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.
