Safina, Chystyakova and Ryan of CPEX arrange $1.625 million sale in Greenpoint

Brooklyn, NY CPEX Real Estate’s multifamily investment sales team sold a multifamily property. The building is located at 623 Leonard St. in Greenpoint. 623 Leonard St. is a two-unit, three-story building which measures 2,850 s/f on a 35’ x 50’ lot. The building was delivered vacant. The sale price was $1.625 million, or $570 per s/f. CPEX’s multifamily sales team, consisting of associate director Stephen Safina and associates Alyona Chystyakova and Thomas Ryan, represented the seller and procured the purchaser, who plans to renovate the building. “623 Leonard St. was purchased by an investor who paid an ‘end-user’ price,” said Safina. “The pricing speaks to the high level of demand to own multifamily property in Greenpoint.” CPEX provides a full range of services for both real estate and business owners through their innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization in each market they cover. Their services include sales, leasing, acquisitions, and advisory.