Antebi and Sparks of GFI represent buyer and seller in $1.225 million sale

GFI Realty Services Inc., completed the sale of 462 East 137th St. for $1.225 million. The five-story walk-up apartment building consists of 20 large apartment units with three and four bedroom apartments. Shlomo Antebi and Matthew Sparks of GFI Realty Services represented both the buyer and the seller. "The final price for the 21,875 s/f of property was 5.8X RR, $56 per s/f," said Antebi, senior broker at GFI. "The buyer was a local Bronx investor and the seller was a local Bronx landlord who had the property in the family for 47 years." The buyer purchased this building with 17 rent stabilized units and three rent controlled units. "Even in this difficult economy, smart buyers are recognizing when opportunities with real potential present themselves, and are taking advantage of them," said Antebi. With over 20 years of experience, GFI Realty Services, Inc. combines an intimate knowledge of local markets with incomparable client service, to maximize the value of every commercial real estate transaction they are engaged in. GFI, the number one broker of commercial real estate in the Bronx and Brooklyn, is committed to surpassing client's needs and maintaining a thorough understanding of the latest market trends.