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Brokerage
Posted: September 6, 2016
Bestreich, Sproviero and Reynolds of Bestreich Realty Group negotiate $9.25 million sale
Derek Bestreich, Bestreich Realty Group
Luke Sproviero, Bestreich Realty Group
Steve Reynolds, Bestreich Realty Group
Brooklyn, NY Bestreich Realty Group has completed the sale of 255-265 Linden St., a 39-unit assemblage consisting of 5 buildings totaling 34,900 s/f and 140 ft. of contiguous frontage on Linden St. The asset closed for $9.25 million. Derek Bestreich, Luke Sproviero and Steve Reynolds represented the seller and buyer.
In the predominantly low rise neighborhood of Bushwick, the Linden St. multifamily assemblage offered the purchaser with immediate scale that would otherwise be more difficult to amass. This closing completes a 132 unit $40.5 million portfolio sale in which our team handled dispositions.
255-265 Linden Street - Brooklyn, NYBestreich Realty Group (BRG) is a leading Brooklyn based commercial real estate investment sales brokerage and advisory firm. The firm specializes in the sale of multifamily, mixed-use, and development site properties, with the members of the firm having completed the sale of over 200properties totaling over 2,000 units for over $400 million. BRG has established itself as a trusted source in brokerage with a thorough, in-depth block by block knowledge and understanding of all facets of the Brooklyn investment sales market. BRG is comprised of seasoned professionals with the objective of adding value to our client’s investment objectives and helping our clients realize optimal results.
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