News:
Brokerage
Posted: August 25, 2014
Edelkopf and Kim of EPIC act for buyer and seller in $3.65 million sale
EPIC Commercial Realty, a full-service commercial investment brokerage firm, has completed the sale of 25 Pierrepont St., a residential building located on the Northwest corner of Pierrepont and Willow Sts. in Brooklyn Heights. Yona Edelkopf, CEO of EPIC Commercial Realty, and Chris Kim, associate broker at EPIC, represented both sides of the $3.65 million sale.
The property was recently subdivided, creating an additional townhouse unit on the corner of Willow St. 25 Pierrepont St. is a five-story rental building consisting of nine residential units including a one-bedroom duplex and eight additional apartments.
"This property was well repositioned in the heart of Brooklyn Heights and our vast network of investors allowed us to close this deal in a matter of weeks," said Edelkopf. "It is an exciting time in this robust market and this deal is an example of the satisfaction you get when bringing together a smart developer with a long term investor to complete an asset repositioning."
25 Pierrepont Street is located less than two blocks from the Brooklyn Heights Promenade. The property is also in close proximity to the Brooklyn Queens Expressway, the Clark Street stop of the 2 and 3 subway trains and the Court Street stop of the R subway train.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
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,
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
