2021 Lawyers in Real Estate Awards
Last year, the Connect CRE team followed up our well-received Next Generation Awards and Women in Real Estate Awards with the inaugural Lawyers in Real Estate Awards. For...
2021 Women in Real Estate
Announcing the 2021 Winners for the Connect CRE Women in Real Estate Awards.
From hundreds of submissions, we have highlighted women with achievements and...
2021 Next Generation Awards
Connect Commercial Real Estate is proud to present the winners of our 2021 Next Generation Awards. In one of the most challenging years on record for the industry,...
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A local investor paid $1.4 million for a two-story building with five large apartments and 850-square-feet of retail space, in the Midwood neighborhood of Brooklyn, just a subway stop or two away from the development boom now expanding in neighborhoods like Lefferts Gardens and Flatbush.
That works out to a price of roughly $233K per unit, including the retail unit. The apartments have no restrictions on their rents.
“The buyer recognized the tremendous value in this asset, particularly as it pertains to the future upside in the residential rents and the untapped potential of the prime retail space,” said Eli Shilian of GFI Realty Services, who with Yisroel Pershin represented the seller in the transaction. Shilian also represented the buyer.