GFI Sells Crown Heights Five-Story Walk-Up for $1.2M

GFI Sells Crown Heights Five-Story Walk-Up for $1.2M

NEW YORK—A local investor has picked up 193 Buffalo Ave., a walk-up apartment building located in the Crown Heights section of Brooklyn for approximately $1.2 million. GFI Realty Services Inc.’s Joseph Landau, associate broker, represented the buyer in the acquisition, while the company’s Shlomo Antebi, managing director, represented the sellers, who are local investors. 

Previously under the same ownership for two decades, 193 Buffalo Ave. was constructed in 1910 and contains 10 apartments, nine of which are three-bedroom units and one of which is a two-bedroom unit.  

“The building drew a tremendous amount of interest from perspective buyers because of the large units,” said Antebi. “Additionally, the building has been very well maintained and had been under the ownership of the same family for the last 23 years. The new owner also intends to keep it as a long term investment.”

The multifamily apartment building is in close proximity to Prospect Park, the Brooklyn Museum and Botanic Gardens, as well as public transportation.

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