News:
Brokerage
Posted: December 6, 2016
Akilov, Ustoyev and Peyser of EPIC Commercial handle $3.65 million sale
Mark Akilov, EPIC Commercial Realty
Yuriy Ustoyev, EPIC Commercial Realty
Seth Peyser, EPIC Commercial Realty
Brooklyn, NY EPIC Commercial Realty has completed the sale of 353 12th St., a residential building in Park Slope. Located on 12th St., between 6th and 7th Aves., the property is a four-story walk-up residential building comprised of 14 apartments. Built to 6,720 s/f, the property is situated four blocks from the 7th Ave. (F, G) train station.
According to EPIC Commercial Realty associate broker, Mark Akilov, “This property provides a great investment opportunity for residential investors in one of the prime Brooklyn neighborhoods.”
EPIC Commercial Realty sold 353 12th St. for $3.65 million. Akilov, and investment sales associate, Yuriy Ustoyev, represented the seller; associate broker, Seth Peyser, represented the buyer.
353 12th Street - Brooklyn, NY
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking