GFI REALTY SERVICES BROKERS $3.95M APARTMENT BUILDING SALE

NEW YORK CITY — GFI Realty Services has brokered the sale of 205 St. James Place, a four-story, walk-up apartment building in Brooklyn’s Clinton Hill neighborhood. The eight-unit property sold for $3.95 million or $494,000 per unit, which translates to 17.5 times the rent roll. Constructed in 1930, the 9,316-square-foot building is located within walking distance to the Clinton-Washington Avenues and Franklin Avenue subway stations, which service the C, G and S lines. Shlomo Antebi of GFI represented the seller and Joseph Landau of GFI represented the buyer. Both the seller and buyer are local investors.