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Brokerage
Posted: September 27, 2022
Stav Equities and Safdie Realty Group broker $3.35 million
Brooklyn, NY Stav Equities alongside Safdie Realty Group, has brokered the sale of 57 Grove St., a 12-unit multifamily building in the Bushwick neighborhood. The brokers were able to assist ownership in buyouts, ultimately delivering 11 out of 12 apartments vacant at closing on behalf of the buyer.
Jacob Stavsky of Stav Equities represented the buyer while Joseph Safdie and Roni Yaghoobzar of Safdie Realty Group represented the seller in this off-market transaction.
The purchaser intends to do a substantial gut rehab, which entails performing a high end renovation of the current structure which will permanently destabilize the building upon completion.
57 Grove St. is a few minute walk from the J subway line, giving the tenants an commute into Manhattan and very accessible to all the major restaurants and shops Bushwick has to offer.
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