1610 & 1612 New York Ave

Asset CRG Advisors (‘AssetCRG’) is pleased to announce the sale of 1610 New York Ave, was a two family home in the heart of East Flatbush that was sold a couple of years back in an off-market transaction. The property had 12,000 buildable square feet and was quickly redeveloped into two 8 unit walk-up buildings. The buyer obtained a $3,200,000 acquisition & construction loan and completed the project within 18 months.