Edelkopf of Itzhaki Properties completes $800,000 sale
Yona Edelkopf, CEO of Itzhaki Properties closed the sale of 1286 Madison St. located in the heart of Bushwick for $800,000. Located on the south-west corner of Knickerbocker Ave. and Madison St., this 4,500 s/f, three-story, apartment building consists of 5 apartments and a parking lot. The building sold for a 7.1% CAP and 10.3 times the rent roll. Edelkopf represented the buyer and the seller, both private investors.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
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.
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