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New York & Tri-State  + Outer  + Apartments  | 
751 55th Street Sunset Park Brooklyn GFI REalty

Sunset Park Multifamily Trades After 50-Year Hold

GFI Realty Services closed the $1.475-million sale of 751 55th St., a three-story walk-up, six-unit multifamily property located in Brooklyn’s Sunset Park neighborhood. This is the first trade of this asset in more than 50 years.   

Zachary Fuchs, associate with GFI, represented both the seller, the Giancola Family, and buyer, Henry Koon.  

Constructed in 1917, the 3,855-square-foot property is comprised of two-bedroom units.  Five of the apartments are free market. 

“The sellers realized that investors would be attracted to this stable cash-flowing multifamily asset, where the majority of the units are free market,” said Fuchs. “The property is located just blocks from the 7th Avenue commercial corridor, where numerous national and local retailers are situated.” 

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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 16-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 7-10 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 GlobeSt.com 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
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