New call-to-action
Connect Events

Whether digital or in-person, Connect Events set the stage to bring together relevant content with CRE’s most active players to engage, influence and inform.

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.

Sub Markets

Property Sectors


New York & Tri-State  + Outer  + Apartments  | 

GFI Markets MXU on Brooklyn/Queens Border

GFI Realty Services is listing 1070 Cypress Ave., a mixed-use multifamily and retail building on the border of Bushwick, Brooklyn and Ridgewood, Queens. The firm’s Yehoshua Shamel will oversee marketing, with pricing targeted at $1.675 million.

Constructed in 1931, the two-story building totals approximately 2,720 square feet, with three apartments and a ground-floor commercial space. The apartments are configured as two large two-bedroom units and one three-bedroom unit. The commercial tenant’s lease expires in 2023.

“Bushwick and Ridgewood continue to be prime destinations for tenants who are priced out of more expensive sections of Brooklyn and Queens and are seeking affordable rents and dynamic neighborhoods,” said Shamel. “Both submarkets benefit from an influx of residents seeking a ‘neighborhood’ feel and easy access to Manhattan via mass transit.”

In recent years, both Bushwick and Ridgewood have seen an increase in commercial leasing activity along the Myrtle and Wycoff Avenue corridors.

Subscribe to Connect Daily New York

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Connect With GFI's Shamel

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