Antebi and Landau of GFI sell 8-unit apartment building for $3.95 million
GFI Realty Services, Inc., one of the leading N.Y.-based commercial real estate services firms, arranged the sale of 205 St. James Place, a four-story walk-up apartment building consisting of 8 units. The property is located in the Clinton Hill section of the borough and traded for $3.95 million or $494,000 per unit, which translates to 17.5 times the rent roll. Shlomo Antebi, senior director, investment sales, represented the seller and Joseph Landau, associate director, investment sales, represented the buyer in this transaction, both of whom are local investors. "A free market building in a prime location such as Clinton Hill is not easy to come by in today's market," said Antebi. "The seller seized the opportunity to take advantage of the high demand for product in this area." "The high multiple is an indication of the increasing demand and limited supply of inventory in prime Brooklyn locations," said Landau. The 9,316 s/f building was constructed in 1930 and is located within walking distance to the Clinton - Washington Aves. and Franklin Ave. subway stations, which service the C, G and S lines. It is also within close distance to Barclays Center, Fort Greene Park, and Pratt Institute.
Moorestown, NJ Brennan Investment Group (Brennan) completed the recapitalization of two portfolios containing 22 buildings and totaling 1,176,122 s/f in Moorestown, and Nashville. Notably, the transaction marks Brennan’s third
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
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.