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New York & Tri-State  + Outer  + Apartments  | 

Pre-war Bensonhurst Apartments Fetch $8M

A four-story, 37-unit apartment building at 1865 77th St. in Brooklyn’s Bensonhurst neighborhood has sold for $8 million. GFI Realty Services’ Erik Yankelovich represented the seller, while colleagues Yosef Katz and Natan Safdieh advised the buyer.

Constructed in 1927, the 32,000-square-foot property includes 30 one-bedroom units and seven two-bedroom units, all rent-stabilized. For the buyer, the asset presented strong upside due to the significant amount of preferential rents within the building.

“This building’s prime corner location and its proximity to the commercial hubs of New Utrecht Avenue and 18th Avenue made it highly desirable to investors looking for large assets in South Brooklyn,” said Yankelovich. “Bensonhurst’s intimate, suburban feel coupled with the local retail scene to create a unique atmosphere that most locales in New York City can’t offer.”

Safdieh noted that the buyer “recognized the value of this well-maintained asset, which offers steady cash flow and numerous neighborhood amenities.”

For comments, questions or concerns, please contact Paul Bubny

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Inside The Story

Connect With GFI's Yankelovich, Katz and Safdieh

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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