News:
Spotlight Content
Posted: July 13, 2010
Paneth of GFI Realty Services arranges $1.25 million multifamily sale
GFI Realty Services has completed the sale of 2574 Bedford Ave. (2313-2323 Ave. D) in Brooklyn. The four-story, 18,000 s/f walk up residential building with 16 units sold for $1.25 million. Shulem Paneth, senior broker at GFI Realty Services represented both the buyer and the seller in this transaction.
"This was the buyer's first purchase of a residential building," said Paneth. "He recognized the upside potential of the building and put in an offer immediately after his first showing. Within one day he was ready to work on the contract preparation and we were able to close the deal seamlessly, in just four months."
The new buyer intends to upgrade the units and install security systems throughout the building. The building is in walking distance to a main shopping thoroughfare on Flatbush Ave. and close to the 2 and 5 subway lines.
Tags:
Spotlight Content
MORE FROM Spotlight Content
NYREJ's 2026 Developing Long Island Spotlight Participation Options
This special section will feature projects completed within the past six months as well as projects that are currently under construction across Long Island, submitted by developers, general contractors, construction managers, and architectural firms.
.png)
Columns and Thought Leadership
2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
CRE Guide Featured Company: Merritt Environmental Consulting Corp.
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
