News:
Brokerage
Posted: July 26, 2022
Fuchs and Goldberger of GFI Realty Services arrange $1.675 million sale
Brooklyn, NY GFI Realty Services completed the $1.675 million sale of 352 Palmetto St., a multifamily building comprised of six units located in the Bushwick neighborhood. GFI Realty director Zachary Fuchs and Moshe Goldberger, also of GFI Realty, represented the buyer, Kings Capital, and the seller, Simon Marom.
Constructed in 1931, the three-story building totals 4,500 s/f and is composed of six two-bedroom apartments.
“The buyers were attracted to acquiring a well-maintained asset with renovated units,” said Fuchs. “They intend to keep the asset for the long term and continue to upgrade the property.”
“The property benefits from its central location near commercial corridors, neighborhood amenities and mass transportation,” said Goldberger.
The asset is in proximity to the Myrtle Avenue commercial corridor, Wykoff Heights Medical Center, and the M subway line.
Tags:
Brokerage
MORE FROM Brokerage
200E20TH sells out in Gramercy, penthouse A closes out sales at the CetraRuddy-designed condominium residences
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
Quick Hits
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
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
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.
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)