Flatbush Multifamily Comes to Market with Long-Term Upside
GFI Realty Services has been named sales agent for 2574 Bedford Ave., a 16-unit multifamily building in the Flatbush section of Brooklyn. The firm’s Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $4.75 million.
Constructed in 1915, the four-story, corner building totals approximately 18,000 square feet. It’s composed of five two-bedroom units, 10 three-bedroom units and one four-bedroom unit.
Eight of the apartments have the potential to be converted into larger units by constructing an additional bedroom. The current ownership has made extensive renovations throughout the building, including hardwood flooring and stainless-steel appliances in many of the units.
“In recent years, Flatbush has emerged as an up-and-coming area due to its central location, numerous transit options, and diverse housing stock,” said Antebi. “This property boasts very large rooms, and with much of the building rent-stabilized, it presents investors with considerable long-term upside.“
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
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