Residential Properties in Brooklyn to Be Repositioned by New Owner

The two five-story apartment buildings will be renovated and transformed into luxury condominiums.
218-220 Park Place, Brooklyn, New York

218-220 Park Place, Brooklyn, New York

New YorkGFI Realty Services LLC brokered the sale of 218-220 Park Place, a pair of five-story, walk-up residential buildings in the Prospect Heights section of Brooklyn. Sasha Berg of GFI Realty represented the buyer, CSG Equities, while GFI Realty’s Isaac Moskowitz and Yosef Katz represented the seller.

The two properties offer a total of 7,300 square feet of space and are currently vacant. The new owner plans extensive interior renovations in order to convert the apartment buildings into luxury condominiums.

“The area includes some of the city’s most distinguished architecture, and the buyer will be maintaining the landmarked façade – a piece of local history – while completing the interior makeover. When completed, the property is sure to be met with a great deal of demand,” Sasha Berg of GFI Realty said in a prepared statement.

The buildings are located within blocks from Prospect Park, the B and Q trains, and several restaurants and shops.

Image via Google Street View