New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
GFI Markets Apartments in Sought-After Bed-Stuy
GFI Realty Services was hired to sell 385-387 Monroe St., a four-story multifamily asset in Brooklyn’s Bedford-Stuyvesant section. Senior director Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $3.85 million.
The property was constructed in 1913 and totals 17,000 square feet. The asset is comprised of large apartments, including a one-bedroom unit and eight each of two- and three-bedroom units.
“Bedford-Stuyvesant remains a sought-after neighborhood for both investors and prospective residents,” said Antebi. “This building is a particularly attractive asset because of its proximity to local shops and eateries located along Tompkins Avenue, as well as the Fulton Street commercial corridor. The property is also unique in that it offers large two and three bedroom apartments.”
GFI describes 385-387 Monroe as a cash-flowing property offering a prospective investor stable returns on an asset that should appreciate over time.
Connect National Investment & Finance is coming to New York on Oct. 23. For more information, or to register, click here.
Connect Opportunity Zones will be presented for the first time on Oct. 23 in New York. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
