Press Releases
Marcus & Millichap Closes Sale of Mixed-Use Property in South Brooklyn
September 09, 2026
NEW YORK, Sept. 9, 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 179 Avenue U, a multifamily and retail property in the Gravesend neighborhood of southern Brooklyn. The asset sold for $1,536,000.
"Marcus & Millichap's New York Multifamily Team sourced an end user for this mixed-use property,” said Daniel Greenblatt of Marcus & Millichap in New York City. "We delivered a win on both sides: the seller got a price above what an investor would pay, and the buyer secured office space for their team."
Greenblatt, Shaun Riney and Michael Salvatico of Marcus & Millichap exclusively marketed the property on behalf of the seller, G4 Development Group and procured the buyer, GD Capital.
The three-story, 3,800-square-foot building sits on a 1,600-square-foot lot and was built in 1931. The building includes one free-market three-bedroom residential unit above two ground-floor commercial spaces leased to Dunkin’ and Hwang’s Construction.
The property is located along the Avenue U retail corridor and near the Avenue U subway station serving lines F and N.
"Marcus & Millichap's New York Multifamily Team sourced an end user for this mixed-use property,” said Daniel Greenblatt of Marcus & Millichap in New York City. "We delivered a win on both sides: the seller got a price above what an investor would pay, and the buyer secured office space for their team."
Greenblatt, Shaun Riney and Michael Salvatico of Marcus & Millichap exclusively marketed the property on behalf of the seller, G4 Development Group and procured the buyer, GD Capital.
The three-story, 3,800-square-foot building sits on a 1,600-square-foot lot and was built in 1931. The building includes one free-market three-bedroom residential unit above two ground-floor commercial spaces leased to Dunkin’ and Hwang’s Construction.
The property is located along the Avenue U retail corridor and near the Avenue U subway station serving lines F and N.
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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 www.MarcusMillichap.com.
