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New York & Tri-State  + Outer  + Apartments  | 
The sale of 4732 48th St. was one of five deals in Brooklyn and Queens closed recently by Marcus & Millichap's Fotis Group

Marcus & Millichap’s Fotis Group Closes Five Deals in Outer Boroughs 

Following a busy first quarter that saw The Fotis Group at Marcus & Millichap close $79.2 million in sales transactions, the group closed five deals recently in Queens and Brooklyn. They include the following: 

4502 Queens Blvd., a vacant lot on the corner of Queens Boulevard and 45th Street, traded for $11,000,000. Matt Fotis represented the seller and buyer. 

209 21st St., a four-story walkup apartment building in Greenwood Heights, Brooklyn, sold for $3,025,000. Fotis and Chase Midgley represented the seller and buyer. 

4732 48th St. (pictured), a fully detached three-story Queens multifamily building, fetched $1,425,000. Fotis represented the seller and buyer. 

441 3rd Ave., a four-story mixed-use building in the Gowanus section of Brooklyn, sold for $2,800,000. Fotis and Midgley represented the seller and buyer. 

1302 Avenue K, a four-story walkup apartment building in Brooklyn’s Midwood section, sold for $4,200,000. Fotis and Zachary Cohen represented the seller and buyer. 


Inside The Story

Marcus & Millichap's Fotis

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