Antebi of GFI brokers $5.15 million sale of 39-unit, four-story walk-up apartment building; Reps both buyer and seller of 2985 Ocean Parkway, Brooklyn; Building's first sale in 30 years

GFI Realty Services Inc., has completed the sale of 2985 Ocean Pwy., an exclusive listing for $5,150,000, 11.7 times the rent roll. The four-story walk-up apartment building consists of 39 rent stabilized apartment units totaling 34,000 s/f. Shlomo Antebi of GFI Realty Services represented both the buyer and the seller. "GFI was really excited to sell this property since it was the building's first sale in over 30 years," said Antebi. "The buyer was looking to upgrade and stabilize his portfolio and this was the perfect fit. The property is in a prime location, just one block from the Q subway line and adjacent to the Brighton Beach community." This rent stabilized walk-up apartment building was built in 1922. 2985 Ocean Pwy. is close to the Brighton Beach shopping district, the New York Aquarium, Seaside Park and the Coney Island Boardwalk. With over 28 years of experience, GFI combines an intimate knowledge of local markets with incomparable 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 the Bronx and Brooklyn, is committed to surpassing client's needs and maintaining a thorough understanding of the latest market trends.