Fridman of Barcel Group brokers three sales totaling $7.9 million; Zimmermann of Barcel assists with $2.5 million sale of 5,000 s/f
Brooklyn, NY According to the Barcel Group, it has handled the sale of three buildings totaling $7.9 million. The properties are: 1148 Flatbush Ave., 228 Manhattan Ave. and 1252 Myrtle Ave.
1148 Flatbush Ave. is a 4 story walk-up building located in Flatbush, the corner property consists of six residential apartments and three retail stores. The building was built in 1933 and contains a total of 7,000 s/f. The property sold for $3.565 million or 12.5x GRM. Marcel Fridman represented all parties in this off market transaction.
228 Manhattan Ave. is a four-story walk-up building located in Williamsburg, the vacant property consists of two residential units and one store. The building was built in 1920 and contains a total of 5,000 s/f. The property sold for $2.5 million or $500 per s/f. Fridman and Bart Zimmermann represented the purchaser in this off-market transaction.
1252 Myrtle Ave. is a three-story walk-up building located in the Bushwick neighborhood. The property consists of five residential units and one store. The building was built in 1931 and contains a total of 4,000 s/f. The property sold for $1.85 million or 13.5X the GRM. Fridman represented the purchaser in this transaction.