Newmark has been retained on an exclusive basis to arrange for the sale of 245 Martense Street located in Flatbush, Brooklyn. The Property is a 25’ wide, tax class 2B protected, and comprised of eight (8) apartments across 7,260 SF. The Property is a 100% rent stabilized, 4-story, multifamily building, conveniently located between Rogers & Nostrand Avenues - just 1-block to the 2 & 3 Trains at Church Ave Station. 245 Martense Street is fully occupied but offers significant upside as there is a large delta between the collected income and legal rent amount. Upon vacancy/turnover, investors will be able to raise the collected rents on the six (6) units that are currently paying a preferential rent.