Bestreich Realty Group
Brooklyn, NY Bestreich Realty Group (BRG) has closed on the sale of 132 6th Ave. in the Park Slope neighborhood for $3 million ($638 per s/f). This property is built 20 ft x 47 ft offering 4,700 s/f.
The sellers of this property are Wiener and Evelyne Longchamp and the buyer is 132 6th Avenue Holdings LLC. Adam Lobel, Toby Waring, Justin Zeitchik, Gabriel Kates and Derek Bestreich of BRG represented the purchasing entity.
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,