Real Estate Weekly On the Scene – 3/9 March 21, 2017

GFI Realty Services announced the $2.8 million sale of 1407 Fulton Street, a four-story, mixed-use building in the Bedford-Stuyvesant section of Brooklyn. The property is composed of six three-bedroom apartments and a vacant ground-floor retail unit. In total, the building comprises 7,821 s/f. Associate Moshe Gelbstein procured the buyer, a local investor. Sasha Berg and Solomon Rozental, also of GFI Realty, represented the seller, Eric Mann of the Mann Group. The buyer intends to complete significant capital improvements to add value to the property.

 

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