492 4th Avenue

In the spring of 2010, we were hired exclusively to market an apartment building at 492 4^th Avenue, in the Park Slope section of Brooklyn, NY. The building was in good condition and composed of 6 apartment units, 2 units renting well below the market and 4 units renting at the market. The owner was retiring and no longer wanted the obligation of managing the property. The seller of the property held a mortgage. Ultimately, we procured an experienced operator in the neighborhood who closed 30 days after they signed the contract with Seller Financing.