News: Brokerage

Bestreich Realty Group handles $1.5 million sale of Brooklyn development site

Derek Bestreich

 

Steve Reynolds

 

Tom Reynolds

 

Brian Underkofler

 

Brooklyn, NY Bestreich Realty Group (BRG) completed the sale of 2911 Albermarle Rd. in the  Flatbush neighborhood for $1.5 million. This development site is located between Rogers and Nostrand Aves. The property offers 12,155 buildable s/f. It sits on a 51.08 ft. x 108.17 ft. lot and is zoned R6 with a FAR of 2.2. 

Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Underkofler facilitated both sides of the transactions representing the seller, 2911 Albermarle LLC and the buyer, Albermarle Road LLC.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of