IPRG

Multi-family property located at 88-56 162nd Street in Jamaica, Queens, sold for $18.8 million, offering 39,936 buildable square feet under R7A zoning. Located near transit hubs and local amenities, the property includes 51 residential units, reflecting investor interest in Southeast Queens’ development potential. 271 Lenox Road in Flatbush sold for $10.36 million. This mixed-use sale features 55 residential units and 2 retail spaces across 55,852 buildable square feet under R7-1/C1-3 zoning. The transaction highlights demand for income-generating properties in Flatbush. The combined sale at 98-100 Graham Avenue & 115 Seigel Street in Williamsburg, Brooklyn closed for $7.25 million. This multi-family assemblage comprises 11 units and encompasses 18,750 total square footage. The properties were sold on an as-is basis and are 100% free market. Contact us for more information about today’s real estate market!

Huge turnout at our NYC Building Owners Strategy Seminar at the Yale Club! We're thrilled to have provided a valuable platform for Manhattan real estate owners to connect, engage in meaningful discussions on current trends, and explore actionable strategies to maximize the value of their holdings. A big thank you to our industry expert speakers, attendees, and the IPRG team that made this event a success. Our Guest Speakers: Sherwin Belkin Louis P. Karol, Esq. Leonard Berkowitz Britt Raymond Andrew Dansker Rashaad Middleton #IPRG #YaleClub #nycinvestmentsales #commercialrealestate #trustandestate #1031exchange #rentlaws #netleaseproperties #debtmarkets #buildingmanagement?

A portfolio sale at 207-213 East 37th Street & 569 3rd Avenue closed for $10.4 million. This property offers 91 residential units and 1 retail space, situated on a corner lot with C1-9 zoning. Located in the heart of Murray Hill, it is in close proximity to Manhattan transit hubs and commercial centers, making it a significant asset in one of NYC's most stable markets. 3408 30th Street sold for $6 million, adding a 46-unit mixed-use property with one retail space to the LIC landscape. With 101 ft of street frontage and growth potential under R5 zoning, this property is located in a neighborhood experiencing transformative development and rising market activity nearing the end of the year. 123 Willoughby Avenue, the only multifamily sale included in this week’s notable sales, was acquired for $2.3 million. The property includes five units within Clinton Hill, a neighborhood known for its historic charm and strong rental demand. Under R6B zoning, this transaction shows the consistent appeal of Brooklyn’s established markets. Contact us for more information about today’s real estate market!

?? We are thrilled to announce our newest EXCLUSIVE LISTING - 372 St Johns Place, a prime investment opportunity in the heart of Prospect Heights, Brooklyn! Asking Price - $10,000,000 Approx. SF - 15,435 SF $/SF - $648 This beautifully renovated five-story building features 19 residential units, with 17 deregulated apartments, providing a rare combination of stable income and upside potential. Property Highlights: ?? Full Renovation (2017): Includes the addition of a fifth floor, modernizing its appeal and maximizing space. ?? In-Unit Amenities: Each apartment is equipped with a washer, dryer, and dishwasher, appealing to today’s renter demands. ?? Value-Add Opportunity: With two current vacancies, leasing the building to full occupancy achieves a 6.18% cap rate at the asking price—plus further rent roll growth potential. ?? Location Perks: Located between Underhill Road and Washington Avenue, this property is situated in the vibrant neighborhood of Prospect Heights, known for its tree-lined streets, vibrant cultural scene, proximity to Prospect Park, and excellent transit options. It is located within walking distance of the B, Q, 2, 3, 4 & 5 Subway Lines. For more information email us at [email protected] The Brownstone Brooklyn Team: Derek Bestreich Luke Sproviero Adam Lobel Toby Waring Justin Zeitchik Samantha Katz #IPRG #Multifamily #BrooklynRealEstate #InvestmentOpportunity #ProspectHeights

UNDER CONTRACT – Vacant 2-Story Brick Warehouse in East New York, Brooklyn - If you’re interested in selling a similar building, email us at [email protected] - The Central & East Brooklyn Team: Derek Bestreich Steve Reynolds Tom Reynolds Brian Davila

SALE Learn More: https://lnkd.in/gig64-cm IMAGE: Brian Davila & John Loch DATE: 11/13/2024 ADDRESS: 1246 College Avenue MARKET: Concourse Village, Bronx ASSET TYPE: Multifamily BUYER: Yitzi Salamon SELLER: Pansey Nugent BROKERS: Derek Bestreich, Steve Reynolds , Brian Davila , John Loch & Victor Price - Investment Property Realty Group (IPRG) SALE PRICE: $1,175,000 UNITS: 2 ~ PPU: $587,500 SF: 3,843 ~ PPSF: $305 NOTE FROM BROKER: Delivered vacant with plans to convert to 10 apartments. This marks our 10th Alt-CO conversion sale in 2024. #NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #TradedPartner #ConcourseVillage #Bronx #Multifamily #BrianDavila #JohnLoch #InvestmentPropertyRealtyGroup #IPRG #PanseyNugent #YitziSalamon

SALE Learn More: https://lnkd.in/gWVBwCB3 IMAGE: Yanni Marmarou & Homer De Leon DATE: 11/12/2024 ADDRESS: 508-522 East 35th Street MARKET: Paterson ASSET TYPE: Industrial BUYER: Michael Gallina SELLER: Christopher Lotito BROKERS: Yanni Marmarou & Homer DeLeon - Investment Property Realty Group (IPRG) SALE PRICE: $3,900,000 SF: 25,000 ~ PPSF: $156 NOTE FROM BROKER: Details of the transaction are as such; ? Sold vacant to a seasoned investor (previously utilized as a refrigerated cold storage warehouse) ? Over 8,000 sq ft of cold storage space ? Ceiling heights ranging between 16’-20’ ft clear ? Three buildings comprising of 25,660 square feet of combined cold storage, warehousing and office space ? Situated on an approximate 1-acre lot with designated parking available for up to eight vehicles ? Three separate dock-hi loading doors IPRG's New Jersey team has recently been exclusively hired to market for sale over 500,000 SF of value-add industrial warehouse / flex / re-adaptive use space in the nearby Paterson market. To learn about these deals and our other exclusive listings, please reach out to [email protected] #NewJersey #RealEstate #TradedNJ #TradedPartner #Paterson #Industrial #YanniMarmarou #InvestmentPropertyRealtyGroup #HomerDeLeon #TheMarmarouTeam #IPRG #ChristopherLotito #MichaelGallina

A monumental $46.5 million transaction has redefined the investment landscape in Queens. This 433-unit, 388,000 sq. ft. portfolio, featuring The Alameda at 40-40 79th Street, The Martinique at 56-11 94th Street, and Richelieu Gardens at 34-44 77th Street. The properties were sold by Algin Management to Benedict Realty Group in an off-market deal. The Mixed Use property at 1105 Lexington Avenue sold for $11 million. This building features 12 units and is situated in the prime Upper East Side location. The sale was facilitated by Cushman & Wakefield. A prime corner lot at 2863 Atlantic Avenue in East New York sold for $3.2 million, offering 30,678 buildable square feet under R8A, C2-4, and EC-5 zoning. Strategically located near the $500M-renovated Broadway Junction transit hub, the site features 150 feet of frontage and 80%-complete architectural plans for a 56-unit apartment building. This deal highlights the growing investment potential in East New York’s dynamic market. Contact us for more information about today’s real estate market!

Tower Real Estate Investments has acquired a prime site at 340-344 Malcolm X Blvd and 188 Bainbridge St from King Emmanuel Missionary Baptist Church for $5 million, adding to its impactful projects in Bed-Stuy, including 368 Gates Ave, 366 Gates Ave, and 194 Bainbridge St. This 12,500-square-foot property, zoned for residential and commercial use, offers 32,000 buildable square feet—ideal for a multifamily or mixed-use development. This acquisition aligns with Tower’s vision to enhance Bed-Stuy with modern housing while honoring the neighborhood’s heritage. #NYCRealEstate #BedStuy #TowerRealEstateInvestments

This past week showcased a strong mix of investment activity across New York City’s boroughs, with significant sales in the multifamily, retail, and industrial sectors. In the Bronx, 1541 Williamsbridge Rd—a 125-unit residential building—sold for $15.7M, highlighting continued investor interest in substantial multifamily assets. Over in Manhattan’s Chelsea art district, 547 W 25th St was acquired by Skarstedt Gallery for $13.25M, reinforcing the enduring value of prime cultural and retail locations. Meanwhile, Brooklyn saw an industrial boost with the sale of 1675 63rd St for $10.57M. This 16,480 sq. ft. warehouse is set to support e-commerce and last-mile delivery logistics, showcasing Brooklyn’s evolving role as a key logistics hub. Contact us for more information about today’s real estate market!