Marcus & Millichap Closes Sale of 21-Unit Apartment Building in Brooklyn

NEW YORK, April 21, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 665 St. Marks Ave., a 21-unit multifamily property in Crown Heights, Brooklyn. The property sold for $3.8 million.

"While the buyer pool for rent-regulated buildings is limited, we continue to find the investors others miss," said Matt Fotis of Marcus & Millichap in New York City. "We identified an international buyer who saw positive yield and an attractive entry point."

Fotis exclusively marketed the property on behalf of the seller, a private investor, and procured the buyer, an international partnership.

The five-story elevator building contains approximately 17,790 square feet and was built in 1900. The property includes one- and two-bedroom apartments, consisting of 13 rent-stabilized units and eight free-market units. Several apartments have been renovated with modern finishes.

665 St. Marks Ave. is located between Nostrand and Rogers avenues in Crown Heights, near Manhattan and within six blocks of the 4, 5, A and C trains.

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About Marcus & Millichap, Inc. (NYSE: MMI)

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. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.