GFI Retained as Exclusive Sales Agent for Clinton Hill Multifamily Building September 25, 2014

CityBizList

Leading Brokerage Firm Continues Active Pace in Brooklyn Residential Market as Real Estate Fundamentals Remain Strong
GFI Realty Services, Inc., a leading New York-based commercial real estate services firm, today announced that it has been named the exclusive sales agent for 373-377 Franklin Avenue, a prime Clinton Hill 10-unit apartment building at the corner of Franklin Avenue and Quincy Street, which was built in 2006. GFI Realty brokers Shlomo Antebi and Joseph Landau are responsible for the marketing of the property.
“This multifamily building provides an alluring opportunity for investors, as the numerous cafes, boutiques and upscale restaurants continue to attract renters to the area,” said Antebi. “Its fully-leased apartments are modern and spacious and the buyer will acquire a prime building in the increasingly popular Clinton Hill neighborhood.”
Clinton Hill is home to about 50,000 residents as well as the Pratt Institute and Brooklyn campus of St. Joseph’s College, and has great demand for rental properties.
“This is an excellent opportunity for investors looking to acquire multifamily properties in this up-and-coming neighborhood, and take advantage of the timing in the market as rents continue to accelerate.” said Landau. “As other areas of Brooklyn become saturated, Clinton Hill is positioned as an ideal location for New York’s influx of young professionals.”

The corner property includes a six-car parking garage in addition to its 10 apartments, which total 13,452 square feet. The three- and four-bedroom apartments are completed with high-end condo finishes.
Located in the south of the Clinton Hill neighborhood, the property is ideally located near mass transit, just a few minutes from the A, C, and G trains and the Franklin Avenue Shuttle.
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