News:
Brokerage
Posted: November 21, 2017
Sarn and Hurley of CPEX broker $1.65 million sale
Brooklyn, NY CPEX Real Estate’s mixed-use investment sales team has sold a three-story mixed-use building located at 451 Irving Ave. in Bushwick. The property sold for $1.65 million, or $367 per s/f.
CPEX’s mixed-use sales team, consisting of managing director Lawrence Sarn and associate Bryan Hurley, represented the seller and procured the buyer.
“Our knowledge of the active investors in the neighborhood allowed us to expedite the process for this off-market transaction,” said Hurley. “Specializing in the sale of mixed-use properties allowed us to easily identify the perfect buyer for this property.”
Located on the corner of Irving and Jefferson Aves., the 4,500 s/f mixed-use building consists of two ground floor commercial units, three residential apartments on the second and third floors, and three 200 s/f garages.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.65 million sale of 723 6th Ave. in Greenwood Heights
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
 (2).gif)
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
.gif)
August Promotion
