Invictus Property Advisors is pleased to announce the closing of 152 Macon Street, a vacant 7-unit multifamily building in the heart of Bedford Stuyvesant. The property is currently rent stabilized and future ownership plans on performing a substantial rehabilitation to deregulate the building to free market status. This sale represents the second closing Invictus Property Advisors facilitated on the block.
Major retailers are located just around the corner on one of Brooklyn's most active retail corridors: Fulton Street. The immediate area is full of local and national retailers such as McDonald's, 7-Eleven, CityMD, T-Mobile, Planet Fitness, T-Mobile, AT&T, Walgreen's, KFC, among many others. In addition, Time Square Development Group and London-based The Collective purchased 1215 Fulton Street which is a block-through co-living residential and hotel development and will comprise approximately 219,185-square-feet once completed.
152 Macon Street is located just a 3 minute (0.5 mile) walk away from the A & C subway lines on Fulton Street & Nostrand Avenue and the C & S trains with access to Prospect Park on the Franklin Avenue Shuttle (S) Train in just 3 stops.
