GFI Realty Services, LLC today announced the $6.55-million sale of 2105 Foster Avenue, a four-story, pre-war, walk-up apartment building in the Flatbush section of Brooklyn. Located on the northeast corner of Foster Avenue and East 21st Street, the property is comprised of 21 units and totals 26,640 square feet.

Erik Yankelovich, a senior director of GFI Realty, represented both the buyer and the seller in this transaction. The sale price equates to approximately $311,900 per unit.

“The buyer recognized the tremendous value in this pre-war asset with its strong location and unusually large apartments,” said Yankelovich. “In recent years, the seller added value to the building by investing in numerous capital improvements, including renovations to several units. The buyer intends to build upon these improvements and make further upgrades to the property, with the goal of holding onto it for the long term.

Situated in the heart of Flatbush, 2105 Foster is within walking distance of Brooklyn College. With proximity to several subway lines, the property also provides residents with an easy commute to Manhattan.

Flatbush has undergone a significant transformation in recent years with the development of numerous high-end rental buildings and the reopening of the Kings Theatre. The area has also seen the entrance of major national retailers with the continued development of the Flatbush Avenue Junction.

About GFI Realty Services, LLC

GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.

The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.