Ziskin, Lobel, Zeitchik and Frank of BRG facilitate $5.25 million sale; Bestreich, Reynolds, Reynolds and Davila of BRG handle $2.625 million

 

 

 

 

 

 

 

 

Manhattan, NY Bestreich Realty Group (BRG) brokered two sales totaling $7.875 million:

• The sale of 519 East 6^th St.: The final closing price is $5.25 million equating to $720 per s/f. Zachary Ziskin, Adam Lobel, Justin Zeitchik, and Ethan Frank facilitated both sides of the deal. The sellers are Loraine Kinyk and Darlene Hart and the buyer is Lionel Nazarian from Nazarian Property Group. The East Village property is built 25 ft. x 56 ft., offering 7,295 s/f. It featured 10 one-bedroom units, of which six units were delivered vacant.

• The sale of 201 Marion St., Brooklyn: The final closing price for this six-unit multifamily in the Bedford-Stuyvesant neighborhood was $2.625 million equating to $636 per s/f. Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila facilitated both sides of the deal. The seller is Candor Capital and the buyer is Black Horse Capital. All units are fully renovated and the property is built 25 ft. x 55 ft. The unit mix is made up of two three-bedroom one-bathroom units; three three-bedroom, one and a half bathroom units; and one four-bedroom, one and a half bath unit.