GFI Realty Services Announces Record-Setting Multifamily Sale in Brooklyn’s Prospect Lefferts Gardens Section March 9, 2015

GFI Realty Services Announces Record-Setting Multifamily Sale in Brooklyn’s Prospect Lefferts Gardens Section

City Biz List

GFI Realty Services, Inc. today announced the record-breaking $25.7-million sale of 115 Ocean Avenue, an 89-unit multifamily building in the Prospect Lefferts Gardens section of Brooklyn, New York. The rent-stabilized elevator building sold for an area record 21.5 times the rent roll, and set records with its per-unit price of $290,000 and price-per-square-foot of $295.
GFI Realty Senior Director Erik Yankelovich represented the seller, a local investor who purchased the building for less than $10 million in 2010 and the buyer, a local family that has several assets in the area.

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