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A blog for breaking sales and neighborhood real estate news.

Two multifamily buildings at 2044-2048 Nostrand Avenue, located between Glenwood and Farragut Roads in Brooklyn’s Flatbush neighborhood, were sold in an all cash transaction valued at $1,160,000.

The two six-story properties sit on a 51.5’ x 100’ lot.  Together, the buildings consist of two one-bedroom units and ten two-bedroom units.  There are two large basement spaces, measuring 750 square feet. The buildings are located just one block from the 2, 3, 4 and 5 trains at Flatbush Avenue station.

“After exposing the property to potential buyers, both in and out of state, we were able to procure a qualified buyer at above market value in a very short period of time,” said Massey Knakal Director of Sales Edward Gevinski who exclusively handled this transaction with Director of Sales Nick Mahedy.

Click here for press release

Neighborhoods: Flatbush