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.

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