Cleeman Realty Group’s Investment Sales Team is pleased to announce the successful sale of an 8 unit residential walk up building in Brooklyn. The property has 3 stories and encompasses 3,440 square-feet. The property is in a prime Brooklyn location within easy walking distance of the Atlantic Terminal Mall and the Barclays Center.
Zach Hering represented both the seller and the buyer, in the $2,550,000 off-market transaction.
"The purchase of the property fulfilled a 1031 exchange for the buyer. They were looking for an asset that had upside potential. With the ability to renovate and lease the 4 vacant units, this building fit perfectly for what they were looking for," said Hering, Senior Vice President of investment sales.
About Cleeman Realty Group:
Cleeman Realty Group’s Investment Sales Team specializes in off-market acquisition and disposition transactions between individual property owners, corporate and institutional owners in New York City and across the United States.
For more information, please visit the company website www.cleeman.com.