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Deals & Dealmakers

On The Scene: Besen & Associates team retained for Flatbush building, EPIC sells Crown Heights development site

AGENTS

Besen & Associates announced that Greg Corbin, Miguel Jauregui and Saadya Notik have been retained to sell a 12-unit building in the Flatbush section of Brooklyn. The property is located at 1041-1043 Rogers Avenue. The asking price is $2,650,000.

SALES

Colliers International has arranged the $712,500 sale of 1670 White Horse-Mercerville Road in Hamilton, NJ to the Babe Ruth League, Inc., a non-profit educational, baseball organization named after George Herman “Babe” Ruth. The standalone property, previously owned by Hamilton Park Associates Limited Partnership, is comprised of 8,500 s/f of office space, including a showroom of Babe Ruth memorabilia, and a 1,500 /f warehouse. Vinny Di Meglio, associate director at Colliers International, along with executive managing director Thomas Romano represented the Babe Ruth League in the transaction. In addition to this transaction, Colliers is now marketing for sale the Babe Ruth League’s former headquarters at 1770 Brunswick Pike in Lawrence, NJ.

YONA EDELKOPF
YONA EDELKOPF

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EPIC Commercial Realty announced the sale of a development site located at 1266 Pacific Street in Crown Heights, Brooklyn. The site, situated between New York and Nostrand Avenues, contains a vacant lot with 8,583 s/f of development rights. The property is located two blocks from the Nostrand Avenue LIRR train station. The buyer has filed applications for a four-story, 10-unit residential building. Shay Zach, senior associate broker, and Yona Edelkopf, CEO at EPIC Commercial Realty, were responsible for the sale of this property for $1,250,000.

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Gebroe-Hammer Associates arranged four trades totaling 176 units on behalf of private investors in Irvington, Montclair and East Orange:
David Oropeza recently arranged the $5.65 million sale of a two-property package in Irvington. He exclusively represented the seller and identified the buyer of 336 and 505-515 Stuyvesant Ave., a six-building portfolio of 80 and 40 units, respectively. Both properties include on-premises parking, garages, on-site laundry and balconies.

KEN URANOWITZ
KEN URANOWITZ

• 649 Chancellor Ave., Executive Vice President David Jarvis arranged the sale of 14 renovated studio apartments and two ground-floor retail units. Located at the intersection of Campfield Street and Chancellor Avenue, the three-story walk-up is in the heart of the city, close to transit, highways, dining and shopping.
•In the suburban commuter hub of Montclair, the Gebroe-Hammer brokerage team of Ken Uranowitz, president, and Nicholas Nicolaou, senior vice president, collaborated to arrange the sale of a two-building portfolio of 28 units. Located at 97 and 101 Pine St., adjacent to one another, the properties garnered a combined $4.05 million.
•9 residential and three commercial units at 13-23 Harrison St., in East Orange. The Oropeza/Jarvis team once again exclusively represented the seller and the buyer in the transaction. The building’s one-, two- to three-bedroom layouts feature distinct floorplans.

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Eric S. Goldschmidt, senior partner at Goldschmidt & Associates announced that it has brokered the off market sale of 2365 Boston Post Road, Larchmont, New York. The sales price was close to the asking price of $5,750,000. The Purchaser is an affiliate of Amber Property Management, Tuckahoe, New York. The Seller was Triple AC, Inc., Eastchester, New York. The 2-story elevator building, consisting of approximately 18,000 s/f, is fully occupied by medical tenants.

JOSH GOLDFLAM
JOSH GOLDFLAM

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Highcap Group announced that Michael Ferrara and Josh Goldflam arranged the sale of 154 Stanton Street in Manhattan, for $4,750,000. The purchaser, represented by Goldflam, is a group of private investors and the seller, represented by Ferrara, was artist Kristen Copham. The property is situated on the northeast corner of Stanton Street and Suffolk Street and was delivered vacant at closing. 154 Stanton Street was erected in the 1860’s and is a 3,600 s/f building that has an additional 3,100 s/f of air rights. With an R7A zoning, the property can accommodate commercial use on the ground floor with residential above. The property is known as as the Louis Zuflacht building and has 92 feet of wraparound frontage.

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Edwin Shirazian and Ryan Zar are in contract to purchase 2485 Elm Place, Bronx NY for $3.25 million. The off market transaction was led by Capin & Associates vice president Isaac Kohanim. The subject property is a 19,680 s/f multi-family building located on Fordham Road. It contains 26 apartments with an average unit size of 700 s/f. The price equates to a gross rent multiplier of 10.3x, $165 psf, and $125,000 per unit.

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