News:
Brokerage
Posted: October 6, 2026
Investment Property Realty Group brokers $2.81 million sale of 341 5th Ave. in Park Slope
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 341 5th Ave., a mixed-use building located in Park Slope for $2.81 million.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Adam Lobel and Toby Waring, who represented both the seller, Victor Santos Jr., and the buyer, Samuel Arans.
The 26-ft.-wide property consists of six apartments and two commercial spaces along a prime stretch of 5th Ave. The transaction presented several challenges, including nonconformity issues, potential rent-overcharge exposure and tenants with outstanding rent arrears.
Despite these complexities, IPRG identified a buyer who recognized the property’s long-term potential and future upside. The transaction closed quickly in an all-cash deal with no contingencies.
MORE FROM Brokerage
Investment Property Realty Group brokers $2.81 million sale of 341 5th Ave. in Park Slope
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 341 5th Ave., a mixed-use building located in Park Slope for $2.81 million. The transaction was negotiated by Derek Bestreich, Luke Sproviero,
Quick Hits
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler
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
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.
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
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
.gif)