News: Brokerage

Zamir and Abudi of GFI complete $1.26 million sale of 330 East 117th Street; Four-story walk-up located in East Harlem

GFI Realty Services Inc., has completed the $1.26 million sale of 330 East 117th St., a four-story walk-up located in the East Harlem section. The property consists of five apartments and one office which translates to $210,000 per unit and ten times the rent roll. This early 1900's apartment building totals 5,200 s/f. Kobi Zamir, an associate of GFI, represented the seller, a local investor. Zamir and Roni Abudi, the managing partner of GFI, together represented the buyer, also a local investor. "The property was rebuilt eight years ago and is in great condition," said Zamir. "The property will only require a few additional upgrades." "The buyer jumped at the opportunity to purchase a fully renovated property in a great location," said Abudi. This multifamily apartment building is located in close proximity to the East River Plaza, the busy East 116th St. corridor, as well as major subway lines which are only a short walk away.
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TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South

Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
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