According to Steven Wegh of Westwood Realty, a Brooklyn-based investor has closed on the $7 million sale of 26 E. 125th St.
According to public records, 26 E. 125th St. was purchased in February 2014 by Joel Goldman of Brooklyn GC and Abraham Posner for $5.3 million. Originally, plans were filed by Goldman with the NYC Department of Buildings to construct a 16-unit residential building and with the ground floor left as retail. It is believed that the new buyer will continue with the current construction plan.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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.
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
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