News: Brokerage

Bestreich Realty Group closes two deals totaling $8.55 million

181 Court Street - Brooklyn, NY

 

216 East 5th Street - Brooklyn, NY

 

Brooklyn, NY Bestreich Realty Group (BRG) closed the following:

The $4.55 million sale of 181 Court St. in the Boreum Hill neighborhood. This 6,780 s/f mixed-use property consists of six apartments and one store. Derek Bestreich, Luke Sproviero, and Gabriel Kates facilitated both sides of the transaction. The seller was 181 Court Street Realty LLC and the buyers were Sean Lefkowitz and David Lloyd from Davean Holdings.

The $4 million sale of 216 East 5th St. located between Cooper Sq. and 2nd Ave. This 8,250 s/f multifamily property consists of 12 apartments in which 50% are free market and priced at $485 s/f. Justin Zeitchik, Adam Lobel, and Zachary Ziskin facilitated both sides of the transaction. The buyer is 216 East 5th LLC and the seller is Tri-Star Equities.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent