NYREJ – Bestreich Realty Group handles seven sales totaling $17.9 million; includes $4.3 million sale of Williamsburg development site by Flaherty, Sproviero, Bestreich, Zeitchik and Lecky

The $4.3 million sale of 102-104 Huron St., a development site located in Williamsburg. The lot measures 50 ft. x 100 ft. and is zoned R6. With a max FAR of 2, the lot offers 10,000 buildable s/f. The property is near the G Subway line located two blocks away from the ferry and waterfront. ... (read more)
April 18th, 2018|

Mann Report – BRG Opens Manhattan Office, Expands Market Focus Citywide

Bestreich Realty Group, BRG, a commercial investment sales firm founded in Crown Heights, Brooklyn, has opened its first Manhattan office, moving into three times the space in lower Manhattan to accommodate the firm’s growth and expanding market focus to become a full New York City firm. The company—that specializes in the sale of multifamily, mixed ... (read more)
March 5th, 2018|

NYREJ – Bestreich Realty Group closes seven sales totaling $21.5 Million

Brooklyn, NY Bestreich Realty Group, an investment sales and brokerage/advisory firm, has closed seven sales totaling $21.5 million — $4.7 million sale of 144 N 11th St.: A frame building in Williamsburg, built 25 ft. x 65 ft. on a 25 x 100 lot zoned R6A. Donal Flaherty, Luke Sproviero, Derek Bestreich, and Adam Lobel of ... (read more)
February 20th, 2018|

Commercial Observer – Slow Season: NYC’s Investment Sales Brokers Are Optimistic Despite a Challenging 2017

Those are the comforting words that Aaron Jungreis, the co-founder and president of brokerage Rosewood Realty Group, offered to Commercial Observer last week when asked about the state of the New York City investment sales market.... (read more)
January 31st, 2018|

The Real Deal – Are you a condo developer? Do you want a tax exemption? HPD says you better sell all your units first

When the state legislature revived the controversial 421a tax abatement in April, it drastically limited the number of exemptions available to condominium developers. And now, a new rule from the city’s Housing Preservation and Development agency will make it even more difficult for condo developers to receive the 421a benefit, The Real Deal has learned.... (read more)
December 6th, 2017|

The Real Deal – Retail vacancies in the heart of Williamsburg raise concerns

A TRD analysis found that the neighborhood is already feeling the brunt of the L train’s imminent shutdown. Retailers kicking tires in the growing Williamsburg retail district have more than changing shopping habits to worry about. The looming L train shutdown has put the brakes on leasing activity in the Brooklyn neighborhood, where the ... (read more)
December 1st, 2017|

New York Times – Recent Commercial Real Estate Transactions

RECENT SALE | $5.25 MILLION | 1191 Bedford Avenue | …. A foreign investor has bought this 7,200-square-foot, mixed-use four-story walk-up, with a fifth-story setback, offering six free-market apartments — two four-bedroom duplexes on the top two floors and four two-bedrooms on the lower ones. A Halstea... (read more)
November 7th, 2017|

Mann Report – Bestreich Realty Group Closes Eight Brooklyn Properties Totaling Over $20 Million

Bestreich Realty Group, a Brooklyn-based commercial real estate investment sales firm, announced eight recent Brooklyn closings totaling over $20 million. The $5.25 million sale of 1191 Bedford Avenue in Bedford-Stuyvesant. This is a 7,200 sq. ft. five story walk-up apartment building with six apartments and one store. Bestreich Realty Group’s Derek Bestreich, Luke Sproviero, Steve... (read more)
November 2nd, 2017|

Commercial Observer – 30 Under 30: The Best and the Brightest of NYC Real Estate

  Tom Reynolds, 26 Senior Associate, Bestreich Realty Group When Tom Reynolds’ older brother Stephen departed Marcus & Millichap in January 2016 to found Bestreich Realty Group, Tom followed. In some ways, it was inevitable that he would end up in real estate. His older brother took a job at ... (read more)
October 4th, 2017|

The Real Deal – Derek Bestreich on dealing with rejection, watching Brooklyn gentrify … & more

Bestreich Realty Group President Derek Bestreich got his start in the industry in 2009 as a broker at Marcus and Millichap and launched his own eponymous company seven years later with partners Luke Sproviero, Steve Reynolds, Erik Rodriguez and Adam Lobel. ... (read more)
September 16th, 2017|
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