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Brokerage
Posted: August 13, 2012
Zach of Itzhaki arranges two sales totaling $4.99 million
Itzhaki Properties has completed two sales totaling $4.99 million.
The first deal was the $4.265 million sale of 434 East 83rd St., a five-story, multifamily walk-up building, comprised of 19 studios and two one-bedroom apartments. Encompassing 8,515 s/f, the building was sold at a 5.75% CAP. Shay Zach of Itzhaki represented the buyer and seller.
The second deals was the $725,000 sale of 338-40 Eldert St. in Brooklyn. The 2,000 buildable s/f vacant development site is located on a block in Bushwick between Irving and Knickerbocker Aves. Zach represented both seller and buyer.
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