GFI Realty Services, Inc. Named Exclusive Sales Agent for $2.4-Million Package of Apartments in Brooklyn’s Prospect Heights S
NEW YORK (March 21, 2014)— GFI Realty Services, Inc., a leading New York-based commercial real estate services firm, today announced that it has been named exclusive sales agent for 197 St. Marks Avenue in the Prospect Heights section of Brooklyn, N.Y.
The property, a three-story building consisting of six one-bedroom apartments, is currently listed for $2.4 million. The building is situated within close proximity to the recently developed Barclays Center, as well as the Grand Army Plaza, the Brooklyn Museum, the Botanic Gardens and numerous restaurants, bars, cafes and boutiques located near the Vanderbilt Avenue commercial corridor.
GFI Realty Senior Director Shlomo Antebi, who will oversee marketing of the property, noted that the Prospect Heights neighborhood landscape consists of a diverse mix of brownstones constructed in the 1890’s, as well as newly built luxury residential buildings.
“This property offers an great opening for local buyers and investors seeking to break into the thriving Brooklyn market,” said Antebi. “It’s an ideal prospect for first-time buyers, given that the building is so well-located and maintained. Additionally, with the predominance of free-market apartments in the building, it’s a perfect condo conversion opportunity.”
The building is the latest property to reach the market in Brooklyn, where GFI recently reported seeing an uptick in the number of properties trading at lower CAP rates and higher gross rent multiplier (GRM) rates.
About GFI Realty Services, Inc.
An affiliate of GFI Capital Resources Group, Inc., GFI Realty Services, Inc. imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, Inc. utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.
About GFI Capital Resources Group, Inc.
Founded in 1983 and headquartered in New York City, GFI Capital Resources Group, Inc. is a leading, diversified provider of comprehensive real estate and insurance services to clients throughout the U.S. Through an integrated platform of affiliates specializing in mortgage banking, commercial real estate sales and finance, property management, insurance and development, along with its hotel affiliate, GB Lodging, GFI is powered by strong relationships with major financial institutions, investors, and buyers and sellers of real estate.
GFI has built its reputation on a steadfast commitment to maintaining the highest level of professionalism in every aspect of its business. The company’s service-oriented culture, extensive network and deep knowledge of local markets strongly position GFI to deliver unparalleled value and results. For more information, visit gficap.com.