{"id":245430,"date":"2026-05-27T18:54:45","date_gmt":"2026-05-27T18:54:45","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/245430\/"},"modified":"2026-05-27T18:54:45","modified_gmt":"2026-05-27T18:54:45","slug":"marcus-millichap-closes-multifamily-asset-sale-in-brooklyn-for-23-5-million-nyrej","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/245430\/","title":{"rendered":"Marcus & Millichap closes multifamily asset sale in Brooklyn for $23.5 million : NYREJ"},"content":{"rendered":"

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\n1000 Ocean Parkway – Brooklyn, NY <\/p>\n

Brooklyn, NY Marcus & Millichap<\/a> closed the sale of 1000 Ocean Pkwy., a 122-unit apartment building. The property sold for $23.5 million, or $192,623 per unit.<\/p>\n

\u201cWe knew this asset stood out in the post-2019 rent-regulated market and the opportunity was articulated that way,\u201d said Matt Fotis of Marcus & Millichap<\/a> in New York City. \u201cOur wide, thoughtful approach uncovered a buyer new to the market and the sale exceeded all market expectations.\u201d Fotis represented the seller, the Cohen family, and procured the buyer, David Brecher, chief executive of Brooklyn-based FM Home Loans.<\/p>\n

The property is located on the corner of Ocean Pkwy. and Ave. J in Midwood, a core central neighborhood. Public transportation is nearby at the Ave. J and Ave. M subway stations, and the B9 and B6 bus routes.<\/p>\n

Built in 1964 and renovated in 2021, 1000 Ocean Pkwy. has two elevators, a doorman, laundry facilities, and a parking garage. The mix of classic and modernized apartments have high ceilings and hardwood floors. Select units have a private patio or balcony and city views.<\/p>\n","protected":false},"excerpt":{"rendered":" 1000 Ocean Parkway – Brooklyn, NY Brooklyn, NY Marcus & Millichap closed the sale of 1000 Ocean…\n","protected":false},"author":2,"featured_media":245431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,9,24,63],"class_list":["post-245430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/245430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=245430"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/245430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/245431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=245430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=245430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=245430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}