News: Brokerage

BRG brokers three sales totaling $7.72 million

New York, NY Bestreich Realty Group (BRG) completed the following transactions:

1301 Third Avenue - Brooklyn, NY

1301 Third Ave. in Lenox Hill sold for $4.9 million. This mixed-use property is located between E 74th & E 75th St. and consists of six apartments and one store totaling 5,800 s/f. The sale price equates to $845 per s/f and $700,000 per unit. Adam Lobel, Zachary Ziskin, Justin Zeitchik, Kyle Katz and Lucas Vitollo of BRG facilitated both sides of this transaction.

218 17th Street - Brooklyn, NY

218 17th St. in Greenwood Heights sold for $1.725 million. This multifamily property is located between 4th Ave. & 5th Ave., contains four apartments totaling 3,091 s/f. The sale price equates to $558 per s/f and $431,250 per unit. The seller is Joann Bradley & Lisa Hsia. The buyer is Robert Saffayeh. Gabriel Kates and Adam Lobel of BRG facilitated both sides of this transaction.

547 Knickerbocker Avenue - Brooklyn, NY

547 Knickerbocker Ave. in Greenwood Heights sold for $1.095 million. This mixed-use property is located between Linden St. and Gates Ave., consists of three apartments and one store totaling 3,300 s/f. The sale price equates to $332 per s/f and $273,750 per unit. Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila & Sean Mashihi of BRG facilitated both sides of this transaction.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for