Investment Property Realty Group brokers $2.15 million sale of 129 Jackson St. in Williamsburg

Brooklyn, MA Investment Property Realty Group (IPRG) has closed the sale of 129 Jackson St., a multifamily building located in the Williamsburg section of the borough, for $2.15 million.

The transaction was negotiated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes and Sal Monteverde, who represented both the seller and the buyer.  

The three-unit multifamily building was partially occupied and presented several challenges, including a short lot and a tenant paying below-market rent. Through a targeted marketing strategy, IPRG identified an owner-user who recognized the property’s long-term value and submitted an all-cash offer. 

During the contract period, the buyer discovered an open building permit dating back more than 20 years. IPRG facilitated negotiations between the buyer and seller, securing an agreed-upon closing credit to address the outstanding permit. The resolution allowed the transaction to proceed without significant delays, resulting in a successful closing for both parties.