News:
Brokerage
Posted: May 12, 2014
O'Brien and Cohen of M.C. O'Brien, Inc. secure $2.4 million sale
M. C. O'Brien, Inc. has arranged the all-cash sale of 2460 Flatbush Ave.
This freestanding medical building of 12,000 s/f stands in the shadow of Kings Plaza in the Marine Park area of the borough. With high visibility on one of Brooklyn's most trafficked streets, this modern building generated significant interest. The sales team of William O'Brien SIOR and Karen Cohen were able to generate numerous offers over an 8 week marketing period.
The purchaser closed at $2.4 million or an 8% cap-rate based on the projected rent roll. The buyer was a Manhattan investor represented by Vlad Sapozhikov of OneWorld Property Advisors.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group brokers $2.15 million sale of 129 Jackson St. in Williamsburg
Brooklyn, MA Investment Property Realty Group (IPRG) has closed the sale of 129 Jackson St., a multifamily building located in the Williamsburg section of the borough, for $2.15 million.
Columns and Thought Leadership
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
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 CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)