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New York & Tri-State  + Outer  + Apartments  | 

GFI Arranges Sale of One Bed-Stuy Multifamily, Will Market Another

GFI Realty Services has arranged the $4.31-million sale of 662 Madison St. (pictured), a newly gut-renovated nine-unit apartment building in the Bedford-Stuyvesant section of Brooklyn. GFI Realty’s Zachary Fuchs represented both the buyer, The Oved Group, and the seller, Mendel Gold, in the transaction.

“The buyer saw the value in acquiring a newly gut-renovated building with large units and easy access to numerous neighborhood amenities,” said Fuchs. “The property is also conveniently located and is easily accessible to Manhattan. The buyer recognized the significant potential in this asset, and intends to hold onto to the property for the long term.”

Separately, GFI has been tapped to market another Bed-Stuy multifamily property, a three-story, six-unit walk-up at 884 Jefferson Ave. The firm’s Shawn Sadaghati will oversee the marketing of the property, with pricing targeted at $4.35 million.

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About Paul Bubny

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 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