News: Brokerage

Friedman-Roth Realty completes three sales totaling $6.245 million

Friedman-Roth Realty Services LLC has brokered three sales totaling $6.245 million. The deals include: * The sale of 1300 Sterling Place. Located in Crown Heights, the three-story building is comprised of six residential units and was sold for a purchase price of $560,000. George Niblock, a managing member of Friedman-Roth, represented the buyer and seller. * The sale of 1035-1049 Morris Park Ave., Bronx. The two-story mixed-use building, of 10,000 s/f, is comprised of seven retail stores and four residential apartments. The property was sold for $2.65 million. Giuseppe Inglese, of Friedman-Roth, represented the buyer and seller. * The sale of 368 Eighth Ave. Located near the corner of West 28th St., the building is comprised of a 23-room SRO as well as a brand new 7-Eleven store. The property, which was sold for $3.035 million, traded at a 5% cap rate and $500 per s/f. The purchaser closed title to the property within two weeks from the date of contract execution. Jim Mann, an associate broker at Friedman-Roth, represented the purchaser.
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