Pre-war apartments fetch $15M January 26, 2018

Real Estate Weekly | December 20, 2017

SELLING POINTS

Pre-war apartments fetch $15M

GFI Realty Services announced the $14.65 million sale of 837 East 22nd Street and 754 East 23rd Street, two pre-war multifamily properties located in Midwood, Brooklyn.

The properties are comprised of a total of 64 apartments totaling 64,000 s/f.

GFI Realty senior director Erik Yankelovich represented the buyer, a local investor, in the transaction.

“This deal presented the buyer with the rare opportunity to acquire a property from a long-term owner who had maintained the property very well,” said Yankelovich. “Occupying an entire corner block-front, the units have great layouts with terrific exposure to sunlight.”

 

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