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Brokerage
Posted: April 22, 2013
Mordekhai of Forest Park Properties brokers four sales totaling $4.175 million
Forest Park Properties Inc. has closed on the sale of four properties in Brooklyn, Queens, and the Bronx totaling $4.175 million:
* 682 E. 187th St., Bronx: A 5,000 s/f corner retail taxpayer in the Little Italy section sold for $2 million. Raymond Mordekhai of Forest Park represented the buyer and seller. Forest Park received 14 offers and the property sold after 10 days on the market. The price per s/f represents one of the highest numbers ever achieved in the neighborhood.
* 854 and 864 Rockaway Ave., Brooklyn: In two separate transactions totaling $1.7 million, these two adjacent properties sold to separate buyers. The seller was Stancorp Mortgage of Portland, Oreg. and the properties were bank-owned REO's. Mordekhai was the REO broker representing all parties on both transactions. 864 Rockaway Ave. is a 5,000 s/f laundromat. 864 Rockaway Ave. is a vacant 10,000 s/f warehouse which was purchased by a user. Each property sold for $850,000.
*125-15 Jamaica Ave., Queens: The mixed-use property sold for $475,000. Mordekhai represented the buyer and seller. The property has an active bar/restaurant on the ground floor and two apartments above.
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