Bestreich Realty Group
Brooklyn, NY Bestreich Realty Group (BRG) has closed the sale of 183A 13th St. for $1.47 million. It is located between 3rd and 4th Ave. in the Gowanus neighborhood. The lot measures 25 ft. x 100 ft. and is zoned R6B. With a max FAR of 2, the property offers 5,000 buildable s/f. The existing structure is built 2,500 s/f with no basement. The property was delivered vacant.
The seller of this property is Scafuri & Son 183 LLC and the buyers are 183A 13th LLC. Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah facilitated both sides.
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,