News: Brokerage

Westbridge Realty Group closes six sales totaling $6.565 million

Ari Benyacov,
Westbridge Realty Group

 

Steven Westreich,
Westbridge Realty Group

 

Isaac Shrem,
Westbridge Realty Group

 

Brooklyn, NY Westbridge Realty Group closed the following sales: 

1010 Gates Ave. in the Stuyvesant Heights neighborhood sold for $2.65 million. This is a 12,716 buildable s/f, 19-unit development site. The existing two-story building that was built in 1952 is 8,400 s/f. It sold for $208 per buildable s/f. Ari Benyacov represented the buyer, 1010 Gates Avenue and the seller, Neighborhood Housing Services.

461 East 186 St. in the Belmont section of the Bronx sold for $900,000. This is a ground-up development site for 15,000 buildable s/f. It sold for $60 per buildable s/f. Steven Westreich represented buyer, 722 East 216th LLC and Isaac Shrem represented seller, 463 East 186 Street LLC

458 Cyrus Pl. in the Belmont section of the Bronx sold for $875,000. This is a ground up development site for 15,000 buildable s/f. It sold for $55 per buildable s/f. Westreich represented the buyer, JHROSE LLC and Shrem represented the seller, 458 Cyrus Place LLC. 

2307 Prospect Ave. in the Belmont section of the Bronx sold for $875,000. This is a 2,380 s/f four-unit building that will be converted to an eight-unit building. It was built in 1925 and sold for $368 per s/f. Westreich represented the seller, 2307 Prospect LLC and Eli Greenberg acted for the buyer, Asher Leeman of Timberline Management.

2109 Tiebout Ave. in the Fordham section of the Bronx sold for $585,000. The two-story, two-family home is being converted into 11 units, with the new owners adding two more stories to the current 3,520 s/f to expand to 9,986 s/f. The existing building was built in 1910 and sold for $59 per buildable s/f. Menachem Babayov represented the seller, Harry Forman Esq., and Jonathan Bichoupan represented the buyer, Tie 2109 LLC.

55 Clifford Pl. in the Mount Hope section of the Bronx sold for $680,000. The new owners plan to reposition the two-story, 2,688 s/f property from two units to 16 units. The building was built in 1920 and sold for $253 per s/f. Westreich represented seller, Ready Holdings LLC and Greenberg represented buyer, Leeman of Timberline.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.