News:
Brokerage
Posted: July 16, 2019
BRG completes three Brooklyn sales totaling $5.61 million; Includes $2.75 million by Bestreich, Sproviero, Lobel and Waring
Brooklyn, NY Bestreich Realty Group (BRG) has arranged three sales totaling $5.61 million. The deals include the following:
• The $1.76 million sale of 29 Devoe St.in the Williamsburg section. The 5,000 buildable s/f development lot site measures 25 x 100 ft. and is zoned R6B with a max FAR of 2. This property is near the L and G subway line. 29 Devoe St. is one block from an array of retail along Metropolitan Ave. Hakeem Lecky and Luke Sproviero of BRG facilitated both sides of the of the transaction – the seller was 29 Devoe LLC and the buyer was Potrapeluk LLC.
• The $2.75 million sale of 199 5th Ave. in Park Slope. The property is a four-unit mixed-use property and features three floor-through convertible three bedroom apartments and one store (one apartment was delivered vacant). Derek Bestreich, Sproviero, Adam Lobel, and Toby Waring of BRG facilitated both sides of this transaction – the seller was 199 5th Avenue LLC and the buyer was Lee LLC.
• The $1.1 million sale of 464 Irving Ave. in the Bushwick section. The property is a vacant re-development site and is currently a three-unit but can be converted into six total units. The lot dimension is 20 x 95 ft. with an FAR of 2 and zoned R6. Donal Flaherty and Steve Reynolds of BRG facilitated this transaction representing the seller, 464 Irving Avenue LLC, and the buyer, Irving Avenue LLC.
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Columns and Thought Leadership
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
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,
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
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.
.gif)