GFI Realty Services arranged the $2.825-million sale of 560 Vanderbilt Ave., a walk-up building comprised of six residential units and a ground floor retail space located in the Prospect Heights section of Brooklyn.  President Michael D. Weiser represented buyer Leon Goldenberg, while director Zachary Fuchs represented the seller, Glen Yurgel. 

Constructed in 1930, the four-story building totals approximately 8,008 square feet, and is composed of six one-bedroom apartments. 

“Current market conditions are allowing buyers with capital to pick up quality assets at a significant discount,” said Weiser. “The buyer recognized the current and long-term value of a mixed-use asset on a prime section of Vanderbilt Avenue and was able to pick up a prime piece of real estate well below previous pricing.” 

Fuchs added, “The seller realized the value of the asset and decided to capitalize on the demand for a property on this strip.” 

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