Warkov and Amirkhanian of Cushman & Wakefield broker $1.65 million sale

Brooklyn, NY A multifamily building at 122 33rd St., located between Third and Fourth Aves. in the Greenwood Heights neighborhood, was sold in an all-cash transaction valued at $1.65 million. The three-story building contains approximately 5,750 s/f on a 25’ x 100.17’ lot. It consists of six, three-bedroom units, three of which were delivered vacant. The sale price equates to approximately $287 per s/f. The building is ideally located in close proximity to the D, N, and R trains at the 36th Street station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. “Given the three vacancies and outdated condition of the building, it was well positioned for renovation, making it highly attractive to value-add investors,” said Cushman & Wakefield’s Aaron Warkov, who exclusively handled this transaction with Michael Amirkhanian. “In addition, investors liked its location near express subways and proximity to Industry City. We toured with over 50 groups and received over 20 offers." The successful merger of Cushman & Wakefield and DTZ closed September 1st. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by chairman & CEO Brett White and global president Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.