EPIC Commercial Realty Sells Mixed-Use Buildings in Crown Heights

8/1/16

404-408 Utica Ave

EPIC Commercial Realty is pleased to announce the sale of 404-408 Utica Avenue, three mixed-use buildings in Crown Heights.

The properties consist of three contiguous two-story walk-up buildings with three retail units and five apartments. The properties were delivered vacant and are located four blocks from the Crown Heights/Utica Avenue [3,4,5] train station. According to EPIC Commercial Realty Investment Sales Associate, Baruch Edelkopf, "there is tremendous value for the buyer as he purchased over 60' of frontage on Utica Avenue."


Yona Edelkopf, Baruch Edelkopf & Mike Rybinskov

Crown Heights is the home to many of Brooklyn's museums and borders the eastern half of Prospect Park. This neighborhood offers easy train and car access through Easterly Parkway and the [3,4,5] train lines, which has allowed Crown Heights to recently undergo rapid transformation and development. EPIC Commercial Realty CEO, Yona Edelkopf stated that "this deal will assist with the rapid transformation of the retail corridor of Crown Heights, specifically along Utica Avenue."

Yona Edelkopf, CEO at EPIC Commercial Realty, represented the seller and Baruch Edelkopf and Mike Rybinskov, Investment Sales Associates of EPIC Commercial Realty, represented the buyer. The property sold for $2,300,000.

About EPIC Commercial Realty

EPIC Commercial Realty is a full-service commercial investment brokerage firm that provides comprehensive and innovative real estate solutions to investors, property owners, and corporations worldwide. EPIC Commercial Realty is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide.