Bestreich Realty Group brokers two sales totaling $4.62 million

September 18, 2018 - Front Section
Derek Bestreich,
Bestreich Realty Group

 

Luke Sproviero,
Bestreich Realty Group

 

Toby Waring,
Bestreich Realty Group

 

Adam Lobel,
Bestreich Realty Group

 

Tom Reynolds,
Bestreich Realty Group

 

Brooklyn, NY Bestreich Realty Group closed two sales:

• The $2.55 million sale of 552 Court St., in Carroll Gardens: The mixed-use property contains 3,000 s/f and an additional 1,000 s/f of air rights–two floor-through units over one retail. It sold at a 3.82% cap rate and its sale represents $850 per s/f. Toby Waring, Adam Lobel, Derek Bestreich, and Luke Sproviero represented the buyer and seller.

• The $2.07 million sale of 1270-1274 New York Ave. in Flatbush: The development site measures 58 ft. x 102.5 ft., is zoned R6 with an FAR of 3, and offers 17,835 buildable s/f. Bestreich and Tom Reynolds represented the buyer and seller.

The sale represents $116 per buildable s/f. 

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