Real Estate Weekly – ON THE SCENE: Commercial sales and exclusives under $10M

Bestreich Realty Group announced the sale of four Brooklyn buildings located in Williamsburg, Bushwick and Flatbush where the Brooklyn-based brokerage firm has completed numerous deals. The recent sales include: • A two-building portfolio sale of 1222 Rogers Avenue and 2617 Newkirk Avenue in Flatbush for $3.1 million. 2617 Newkirk Avenue is an eight-unit property and ... (read more)
July 21st, 2017|

The Real Deal – Is East New York for real?

Bestreich Realty Group president Derek Bestreich is skeptical about how much of a boom there really is in East New York. He said that his multifamily properties in East New York have attracted little interest, and he noted that there are still parts of Brooklyn closer to Manhattan that have not been fully developed and remain more ... (read more)
July 20th, 2017|

New York Times – Recent Commercial Real Estate Transactions

148 Seventh Avenue (between Garfield Place and Carroll Street) in Park Slope, Brooklyn sold for $4.1 MILLION A private investor has bought this 5,200-square-foot, four-story building in the heart of Park Slope. It has thre... (read more)
June 20th, 2017|

NYREJ – Executive of the Month: Bestreich, founder of Bestreich Realty Group: Startup investment sales brokerage dominates the middle markets

Brooklyn, NY A year after he founded Bestreich Realty Group (BRG), Derek Bestreich is proud to say the investment sales brokerage firm, dominates the $2-20 million investment sales market, closing the sale of 48 properties valued at $168 million within the first 17 months of operation.... (read more)
June 20th, 2017|

Rebusiness Online – Bestreich Realty Arranges $11.4M Sale of Mixed-Use Building in NYC

The six-story, mixed-use property is located at 66 Graham Ave. in the Williamsburg neighborhood of Brooklyn, New York City. Bestreich Realty Group has arranged the $11.4 million sale of a six-story mixed-use building in the Williamsburg neighborhood of Brooklyn. The property is located at 66 Graham Ave. and features 30 rent-stabilized apartments and six retail spaces ... (read more)
April 14th, 2017|

Real Estate Weekly – Phat Farm co-founder sells Williamsburg building for $11.4M

The property, located at 66 Graham Avenue, contains 30 rent-stabilized apartments and six retail spaces, which are occupied by two clothing stores, a jewelry store, a 99 cent store, a barbershop and a newsstand. The 25,900 s/f building was built in 1925. The buyer was Morris Weinberg, a local investor. Azrak owned the property with ... (read more)
April 14th, 2017|

Real Estate Weekly – ON THE SCENE: This week’s sales and exclusives under $10 million

Bestreich Realty Group announced the $4.2 million sale of 153 7th Avenue, a North Park Slope mixed-use building between Garfield Place and Carroll Street, for $875 psf to a Manhattan-based investor. The four-story property is a mixed-use building with three apartments and one store, a Diamond Wireless Verizon retailer. The property totals 4,812 s/ft and ... (read more)
April 6th, 2017|

Commercial Observer – With the L Train Closing, Some Shrewd Brooklyn Minds Are Looking Around the J, M, & Z Lines

It’s all aboard the J, M, Z subway lines! While the L train partial and temporary shutdown won’t be a reality until 2019, some real estate investors and tenants are already taking steps in anticipation of the proverbial traffic ahead. As a result there has been increased demand and an escalation ... (read more)
March 8th, 2017|

Rebusiness Online – Bestreich Realty Group Facilitates $9.2M Sale of 38-Unit Multifamily Portfolio in Brooklyn

NEW YORK CITY — Bestreich Realty Group has brokered the sale of a 38-unit five-building assemblage of multifamily properties located at 255-265 Linden St. in Brooklyn’s Bushwick neighborhood. Linden Street Group acquired the properties from Excelsior Equities for $9.5 million. The assemblage comprises four contiguous eight-unit properties and one six-unit proper... (read more)
November 17th, 2016|

Bklyner – Increased Development Needs Increased Infrastructure In Downtown Brooklyn, Say Community Leaders

The intersection of DeKalb and Flatbush Avenues, where it meets with Albee Square and Fulton Mall is likely slated for even more development — even beyond the talk of “Brooklyn’s tallest tower” at 340 Flatbush Avenue Extension, adjacent to the historic Dime Savings Bank at 9 DeKalb Avenue.... (read more)
March 28th, 2016|
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