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Brokerage
Posted: November 22, 2022
Bestreich, Sproviero, Lobel, and Waring of Investment Property Realty Group close 22-units for $9.6 million
Brooklyn, NY Investment Property Realty Group (IPRG) negotiated the closing of 1627, 1629, 1631 Pacific St. for $9.6 million.
1627 Pacific St. is built 21 ft. x 60 ft., 1629 Pacific St. is built 25 ft. x 60 ft., and 1631 Pacific St. is built 21 ft. x 60 ft.
These three, adjacent, multifamily buildings consist of 22 apartments and combined are 14,670 s/f.
These properties are located between Troy and Albany Ave. in Crown Heights.
Each building has a 15-year 421a Tax Abatement expiring in 2023.
Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring of IPRG facilitated this transaction.
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