News:
Brokerage
Posted: January 16, 2024
Bronsteen, Riney and Farese of Marcus & Millichap broker $4.1m sale of 8-units
Brooklyn, NY Marcus & Millichap brokered the sale of 533 Bergen St. for $4.125 million.
“This is a deal we have been working on for several years, just waiting for the right buyer at the right time,” said Andrew Bronsteen. “It feels great to deliver for our client and get this done.”
Bronsteen, Shaun Riney, and Jason Farese, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller. The buyer, an individual/personal trust, was also procured by Riney, Bronsteen, and Farese.
Built in 1930, this multifamily apartment building is situated in Prospect Heights. It comprises four stories and eight units, spanning 7,000 s/f. The units consist of a mix of two and three bedrooms. It is located near the Bergen St. subway station, which services the two, three, and four subway lines.
Tags:
Brokerage
MORE FROM Brokerage
1540 Broadway signs 226,500 s/f of leasing as repositioning drives demand
Manhattan, NY GFP Real Estate and BDT & MSD Partners (BDT & MSD) secured 226,500 s/f of new leasing at 1540 Broadway since unveiling the tower’s $150 million repositioning in January
Quick Hits
 (2).gif)
Columns and Thought Leadership
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 commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
.gif)
August Promotion
