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| Rob Rizzi |
NEW YORK, NY– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has represented New York REIT, Inc.
(NYRT) in the sale of 163 Washington
Avenue, a 49-unit, 16-story mixed-use property in Brooklyn’s Clinton Hill
neighborhood.
HFF marketed the asset on
behalf of NYRT to an undisclosed buyer.
163 Washington Avenue is
located near the intersection of Washington and Myrtle Avenues, one block from
the Pratt Institute to the south and Brooklyn Queens Expressway/Interstate 278
to the north.
Originally developed as
condominiums in 2009, the property includes 49 best-in-class rental apartments
averaging 825 square feet each, a 1,176-square-foot retail unit and 38 parking
spaces. Units feature stainless steel
appliances, balconies, loft-style ceilings and cityscape views.
The HFF investment sales
team representing the seller was led by managing directors Rob Rizzi, Jeff Julien and Rob Hinckley.
“We are extremely pleased
to have assisted NYRT on this disposition.
NYRT was at the forefront of the growth of the Brooklyn market,
acquiring the property in 2012 and then capitalizing on the impressive pricing
we are continuing to see there,” said Rizzi.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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