Efrati and Zach of Itzhaki Properties close $7.9 million multifamily package deal

Itzhaki Properties has completed the $7.9 millon sale of a package consisting of two multifamily buildings in the upper east side: 311 East 80th St. and 339 East 81st St. The two walk-up buildings, one four stories and the other five stories, consist of 38 apartments with 85% being fully renovated and populated by free market tenants. Ami Efrati, investment sales associate at Itzhaki, represented the buyer Grand Ave. Realty LLC. Shay Zach, managing partner of Itzhaki, represented the seller. The buildings are a part of a five-building package, three of them were sold by Zach in May 2007 for about 15 times the rent roll. The current buildings sold for about 10 times the rent roll, leaving much upside on the table for the new ownership and reflecting the current market environment.

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.

Investment Property Realty Group closes $2.9 million sale of 42 Richardson St.

IPRG closes $2.9m sale of 42 Richardson St.

Investment Property Realty Group closes $9.4 million sale of 73 Warren St.

IPRG closes $9.4m sale of 73 Warren St.

Investment Property Realty Group closes $1.7 million sale of 491 East 166th St.

IPRG closes $1.7m sale of 491 East 166th St.

Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

IPRG closes $3m sale of mixed-use building at 709 Fulton St.

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