Brooklyn, NY GFI Realty Services handled the $1.63 million sale of 349 58th St., a four-story apartment building in the Sunset Park neighborhood. Located between Third and Fourth Aves., the pre-war walk-up is composed of eight units. In total, the building comprises 6,916 s/f.
GFI Realty associate Isaac Moskowitz procured the buyer. Yosef Katz, managing director of GFI Realty, and Naftali Pilchick, also of GFI, represented the seller. Both the buyer and seller are local investors.
“More and more residents and investors are discovering the value of Sunset Park,” said Moskowitz. “The neighborhood feel and its accessibility to Midtown Manhattan make it a stand-out among other Brooklyn neighborhoods.”
“The new owner intends to hold onto the asset for the long term and invest in capital improvements to maximize his return,” said Pilchik.
The asset is on a tree-lined block among two- and three-family homes and similar low-rise, pre-war apartment buildings. The N and R subway lines are located two blocks away.
GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions.