Barcel Group completes sales of four buildings totaling $16.3 million

Brooklyn, NY Barcel Group has completed the sale of four buildings totaling $16.3 million. Two of the four properties are located in Queens. The Brooklyn properties are 1445-1457 Fulton St. and 257 Himrod St. The Queens properties are 41-40 40th St. and 60-76 71st Ave.

 1445-1457 Fulton Street – Brooklyn, NY

1445-1457 Fulton Street – Brooklyn, NY

1445-1457 Fulton St. is a 5-story walk-up building located in Bedford-Stuyvesant neighborhood. The corner property consists of 16 residential apartments and five retail stores. The building was built in 1910 and is a total of 18,300 s/f. The property sold for $7.9 million or 14x GRM. Marcel Fridman and Andrea Lugo represented all the parties in this off-market transaction.

257 Himrod St. is a 3-story walk-up building located in the Bushwick neighborhood. The property consists of six residential units. The building was built in 1931 and is a total of 4,500 s/f. The property sold for $1.625 million or 16X GRM. Fridman represented all the parties involved in this off-market transaction.

41-40 40th St. is a 4-story walk-up building located in Sunnyside, Queens. The property consists of 23 units. The building was built in 1920 and totals 13,500 s/f. The property was sold for $5.15 million or 16X GRM. Fridman represented all parties in this off-market transaction.

60-76 71st Ave. is a 3-story walk-up building consisting of six units. The property was built in 1930 and is a total of 5,800 s/f. The property sold for $1.625 million or $280 per s/f. Fridman represented all parties in this off-market transaction.