Antebi and Landau of GFI sell Prospect Heights walk-up building for $1.08 million

GFI Realty Services Inc., has arranged the sale of 874 Bergen St., a listing in the Prospect Heights section, for $1.08 million which translates to eight times the rent roll. This four-story walk-up apartment building consists of eight, two-bedroom apartments totaling 4,400 s/f. Shlomo Antebi and Joseph Landau of GFI Realty Services, Inc. represented the seller, Bergen Estates LLC. Antebi also represented the buyer, a local investor. "The building was delivered with only one vacant unit. The buyer has plans for major capital improvements and will maintain it as a long term investment property," said Antebi. "He is very excited about owning another multi-family apartment building in Prospect Heights, a neighborhood that is continuously upgrading." "The seller was very pleased that GFI Realty Services was able to arrange such a seamless, all-cash transaction," said Landau. This multifamily apartment building was built in 1930 and is located near the Grand Army Plaza, the Brooklyn Museum, Prospect Park and Botanic Gardens. About GFI Realty Services With over 29 years of experience, GFI Realty Services, Inc. combines an intimate knowledge of local markets within comparable client service, to maximize the value of every commercial real estate transaction they are engaged in. GFI, one of the top brokers of commercial real estate in New York City, is committed to surpassing client's needs and maintaining a thorough understanding of the latest market trends.