Riney and Bestreisch of Marcus & Millichap sell 9,918 s/f building for $1.24 million

Marcus & Millichap Real Estate Investment Services arranged sale of a 9,918 s/f mixed-use property located at 252 Schenectady, according to John Horowitz, regional manager of the firm's Brooklyn office. The asset sold for $1.24 million. Shaun Riney and Derek Bestreich, investment specialists in Marcus & Millichap's Brooklyn office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Riney and Bestreich. "This property was destabilized through substantial rehabilitation in the 1980s which was attractive to investors despite a real estate tax bill that was nearly 50% of the gross income. There were over ten offers in the first 30 days of marketing culminating in a sale very close to the asking price," said Riney

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.

Investment Property Realty Group closes $2.9 million sale of 42 Richardson St.

IPRG closes $2.9m sale of 42 Richardson St.

Investment Property Realty Group closes $9.4 million sale of 73 Warren St.

IPRG closes $9.4m sale of 73 Warren St.

Investment Property Realty Group closes $1.7 million sale of 491 East 166th St.

IPRG closes $1.7m sale of 491 East 166th St.

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

IPRG closes $3m sale of mixed-use building at 709 Fulton St.

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