GFI Realty Services, LLC announced that it has been named the exclusive sales agent for 216 East 39th Street, a pre-war, three-story, walk-up apartment building located in the Flatbush section of Brooklyn, New York. GFI Realty Senior Director Shlomo Antebi will oversee the marketing of the property, with pricing targeted at $1.735 million, which translates to a 5.7% CAP Rate.

The building is comprised of nine rent-stabilized units. The property benefits from its close proximity to Flatbush Avenue, a major commercial thoroughfare. It is also located just half a block away from Church Avenue, a retail corridor with numerous local shops and restaurants.

Situated on a quiet, tree-lined block, 216 East 39th Street is surrounded by similar pre-war assets as well as semi-detached single and two-family homes.

“Increasingly, prospective residents see Flatbush as a viable alternative to the traditional hot neighborhoods in Brooklyn,” Antebi said. “There has been a steady stream of move-ins to East Flatbush, as many people are attracted to the neighborhood feel, the large pre-war apartments and the local amenities including Kings Theatre and the Target located at the Flatbush Junction.”

About GFI Realty Services, LLC

GFI Realty Services, LLC 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, LLC 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.