Investment Property Realty Group closes $3 million sale of 4,350 s/f mixed-use building at 709 Fulton St.

Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 709 Fulton St., a mixed-use building located in the Fort Greene section of the city, for $3 million.

After owning the property since the 1990s and recently relocating to South Carolina, the seller exclusively hired IPRG following a decade-long relationship. The 4,350 s/f mixed-use building, featuring two residential apartments above a ground-floor retail space, generated investor demand and 10 qualified offers within a few weeks of marketing.

IPRG negotiated an as-is, non-contingent sale, matching the valuation presented to the owner before the property was listed. Following the sale, the IPRG retail leasing team was retained to lease the ground-floor retail space.

The transaction was negotiated by Derek Bestreich, Luke Sproviero, Adam Lobel and Toby Waring, who represented both the seller, Peter West, and the buyer, Aretz Development – Albert Dayan.