Current Business True Estate Transactions


848 East 43rd Road (between Glenwood Street and Avenue H)


This 29,500-sq.-foot industrial lot in the East Flatbush community is made up of a 17,500-sq.-foot a person-story industrial making created in 1960 and a 12,000-sq.-foot gated garden. The assets, which was employed as a heating products manufacturing internet site, was sent vacant.

Buyer: Breuckelen 1653

Vendor: Rubicon Industries

Brokers: Dan Marks, Daniel Lebor and Robert Finnerty of TerraCRG

$11.85 MILLION

348 Atlantic Avenue (at Hoyt Street)

336 Point out Street/75 Hoyt Street (at Hoyt Avenue)


This offer incorporates two properties in Boerum Hill. Created in 1910, the four-tale, 6,600-sq.-foot setting up at 348 Atlantic has 6 four-bedroom apartments and two industrial spaces, 1 of which is occupied by a deli. The other setting up is 5,200 sq. feet and was developed in 1920. It is divided into a a few-tale developing at 336 Condition Road and two-story constructing 75 Hoyt Street. It has three five-bed room residences and one particular 3-bedroom condominium, all occupied, and a few industrial spaces, leased by Grand Military, Oaxaca Taqueria and Tiny Sweet Cafe.

Potential buyers: Mark Winter season-Gitelson and Alexandre de Montebello of the Cofinance Group

Seller: The Hidary spouse and children of Hidrock Houses

Brokers: Lev Mavashev and Daniel Aminov of Alpha Realty


7127-7129 Fifth Avenue (between Ovington Avenue and 72nd Street)


This 4-story, 9,600 square-foot setting up in the Bay Ridge neighborhood was constructed in 1904 and includes 14 one particular-bedroom flats, 13 of which are rent-stabilized, and two professional areas, occupied by a jewellery retail outlet and a physical therapist’s office environment.

Seller: Peter Lambropoulos

Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring and Azem Kajoshaj of Bestreich Realty Group

Previous post Woman With 3 Homes Left Homeless Mainly because Tenants Could not Be Evicted
Next post As Minneapolis faces rent control vote, experts caution it’s not a cure-all