Connect RE | September 10, 2019
GFI Realty Services was hired to sell 385-387 Monroe St., a four-story multifamily asset in Brooklyn’s Bedford-Stuyvesant section. Senior director Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $3.85 million.
The property was constructed in 1913 and totals 17,000 square feet. The asset is comprised of large apartments, including a one-bedroom unit and eight each of two- and three-bedroom units.
“Bedford-Stuyvesant remains a sought-after neighborhood for both investors and prospective residents,” said Antebi. “This building is a particularly attractive asset because of its proximity to local shops and eateries located along Tompkins Avenue, as well as the Fulton Street commercial corridor. The property is also unique in that it offers large two and three bedroom apartments.”
GFI describes 385-387 Monroe as a cash-flowing property offering a prospective investor stable returns on an asset that should appreciate over time.