CityBizList | February 16, 2017
Four-story building located within steps of Prospect Park
GFI Realty Services, LLC today announced that it has been named the exclusive sales agent for 888 Carroll Street, a four-story, walk-up apartment building located in the Park Slope section of Brooklyn. GFI Realty Senior Director of Investment Sales Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $3.85 million.
The seven-unit building, which was constructed in 1920, totals 4,668 square feet and is comprised of four one-bedroom apartments and three studios. With Park Slopean increasingly popular neighborhood for young professionals, the building is ideally positioned for future conversion to condos, single-family or duplex use.
“Park Slope’s increasing desirability and the building’s prime location just off of Prospect Park West make this property extremely attractive,” Antebi said. “With an apartment mix that includes rent-stabilized, free-market and vacant units, the property presents investors with in-place cash flow as well as significant upside. It’s a unique opportunity to own a well-maintained building in close proximity to the park, and the price is very competitive with recent sales in the area.”
The building is located within steps of Prospect Park, and provides convenient access to numerous transportation options, including the 2, 3, 4, B, and Q subway lines. It is also proximate to the iconic Grand Army Plaza, and 7th Avenue – one of the neighborhood’s major commercial thoroughfares, which includes a range of dining options and retail establishments.
Renowned for its excellent schools, picturesque blocks, convenient transportation, and direct access to Prospect Park, Park Slope is one of New York City’s most desirable neighborhoods. The area was recently included by CNN Money in a list of a America’s 10 best neighborhoods.
About GFI Realty Services, LLC
GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.
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