Here’s what the $10M-$20M NYC investment sales market looked like last week March 26, 2018

The Real Deal | March 26, 2018

By Christian Bautista

2.) Meridian Properties bought a six-story, 46-unit apartment building in Bay Ridge for $12.5 million. The property, at 218 74th Street between Ridge Boulevard and Third Avenue, contains 16 studios, 28 one-bedrooms and two two-bedrooms. All of the apartments are rent-stabilized. The seller is a certain Madeline Behette. A GFI Realty Services team composed of Yosef Katz, Natan Safdieh and Erik Yankelovich represented the seller and procured the buyer.

3.) Jeff Sutton bought a Flatbush commercial building from GFI Capital Resources for $14.6 million. The one-story property, at 2250 Nostrand Avenue, currently houses a Brooklyn branch of the Social Security Administration. GFI has owned the property since 1997, according to city records.

 

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