GFI BROKERS $4.7 MILLION MULTIFAMILY SALE

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NEW YORK CITY — GFI Realty Services has brokered the sale of a six-story apartment building located in New York City for $4.7 million. Situated at 86 Bay 29th St., the elevator-served building contains 42 units. It was purchased by a local investor at a 5.5 percent capitalization rate. Erik Yankelovich and Shulem Paneth of GFI represented both parties in the transaction.

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