Zach of Itzhaki arranges two sales totaling $4.99 million

Itzhaki Properties has completed two sales totaling $4.99 million. The first deal was the $4.265 million sale of 434 East 83rd St., a five-story, multifamily walk-up building, comprised of 19 studios and two one-bedroom apartments. Encompassing 8,515 s/f, the building was sold at a 5.75% CAP. Shay Zach of Itzhaki represented the buyer and seller. The second deals was the $725,000 sale of 338-40 Eldert St. in Brooklyn. The 2,000 buildable s/f vacant development site is located on a block in Bushwick between Irving and Knickerbocker Aves. Zach represented both seller and buyer.