Brooklyn, NY Barcel Group has completed sale of five buildings totaling $19.7 million. The properties are 1247 Ave. V, 526 Lafayette Ave., 426 & 434 49th St. and a elevator building located in the Prospect Park South area.
1247 Ave. V is a four-story walk-up building located in Sheepshead bay, the property consists of 12 units. The building was built in 1927 and consists of 12,000 s/f. The property sold for $2 million (15x GRM). Marcel Fridman represented all parties in this off market transaction.
526 Lafayette Avenue – Brooklyn, NY
526 Lafayette Ave. is four-story walk-up building located in Bedford-Stuyvesant, the property consists of 20 units. The building was built in 1931 and consists of 18,000 s/f. The property sold for $5.6 million (18x GRM). Fridman & Andrea Lugo represented all parties in this off market transaction
426 & 434 49th St. are two four-story walk-up buildings consisting of 8 units each. The buildings were built in 1931 and consist of a total of 14,000 s/f. The properties sold for $3.45 million (18X GRM). Fridman and Bart Zimmermann represented all parties in this off market transaction.
The Prospect Park South property is a six-story elevator building consisting of 32 units. The property was built in 1915 and consists of 33,000 s/f. The property sold for $8.65 million (19X GRM). Fridman represented all parties in this off market transaction.