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By Accord Real Estate Group

Brooklyn Investment Sales Update 2019

August 22nd 2019
Tags: Blogroll (elsewhere), Real Estate News

Caution and fear over the rent regulation changes recently announced have put a damper on the investment sales market in New York. The Brooklyn, NY investment sales market has cooled down somewhat, but is still a top choice for investors when it comes to investment sales and development opportunities.

One of the top deals of the year so far in 2019, went to the Holterbosch family, a German beer dynasty, which purchased 100 South 4th Street, a rental building located in Williamsburg from Meadow Partners for $61M.

Another sale of note so far this year is 1000 Dean Street a 4 story commercial building located in Crown Heights. The 145,931 square foot building sold for $60M. The seller is Jonathan Butler and the buyer LIVWRK. 

1007 Atlantic Avenue, located in Clinton Hill sold for $26M. This mixed use building was purchased by Classon Management LLC from Sterling Equities.

240 Broadway, a mixed use building located in Williamsburg, sold by Abraham Russak to 240 broadway LLC for $20M.

195 Bond Street, a 9,000 square foot church located in Boerum Hill sold for $10M. The seller is United Methodist City Society and the buyer Tankhouse, a New York based design-development firm.

One additional sale of note is the sale of 1487 Broadway, a 4 story, 15,753 square foot, mixed use building with 17 apartments and 3 stores located in Bushwick. The building was sold to Pliskin Realty & Development for $11M.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,
Accord Real Estate Group
Your Brooklyn Real Estate Brokers and Agents