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Brokerage
Posted: October 8, 2010
Isak of Falco & Isak Realty closes $2.35 million sale of 12-family apartment building; Was sole broker of the four-story multifamily
Falco & Isak Realty Services completed the sale of a multifamily property exclusively handled by Rubin Isak, CEO/co-founder.
The subject property is located at 25-16 18th St., Astoria. The building is a four-story, brick, 12-family apartment building located across the street from Astoria Park. It sold for $2.35 million in an all-cash transaction to a private investor from New York City. Rubin Isak of Falco & Isak Realty Services was the sole broker.
Within 25 days of marketing the property exclusively, and over 20 offers in this time frame, Falco & Isak sent a contract out to the purchaser. This strong sale represents investors' positive sentiment towards the Long Island City and Astoria areas as well as the towering demand for multifamily product in this market.
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