


Brooklyn, NY Erik Rodriguez of Rodriguez Commercial Realty (RCR) sold a 24-unit building in the Prospect Lefferts Garden neighborhood. The sale price was $2.2 million.
315 Fenimore St. (Block: 05039 Lot: 0065) is located between Nostrand and Rogers Aves. The subject property totals 16,080 s/f, built 60 ft x 79 ft., and sits on a 60 ft. x 100 ft. lot zoned R6. All 24 units are stabilized and are one-bedroom, one-bathroom.
315 Fenimore LLC was the buyer and the Phillibert family was the seller.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,