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New York & Tri-State  + Outer  + Apartments  | 

GFI Brokers Sale of Greenpoint Apartment Building

GFI Realty Services has arranged the $1.75-million sale of 196 Russell St., a three-unit multifamily building located in the Greenpoint section of Brooklyn. The property, built in 1910, totals 3,135 square feet. GFI Realty Associate Sasha Berg represented both the buyer and the seller in the transaction.

“The seller had owned the property for several decades, and was very passionate about finding a buyer who would live at the property, to ensure that the fabric of the neighborhood would be maintained,” said Berg. “We were able to arrange a deal with the perfect buyer—a local aviation professional who had been looking to break into real estate investment.”

The property is situated just off Greenpoint’s Nassau Avenue, a busy commercial thoroughfare. It’s also convenient to the G train, enabling an easy commute into Manhattan.

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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