Sales Beat

Springhouse Pays $18.2 Million for Brooklyn Apartment Building

902

Springhouse Partners has teamed up with Avenue Realty Capital in the $18.2 million off-market purchase of 902-908 Bedford Avenue, The Commercial Observer has learned.

The 65,000-square-foot building is located in the Clinton Hill neighborhood of Brooklyn, just a few blocks from the Pratt Institute. 

“This area has seen significant positive changes over the past few years Read More

Sales Beat

Springhouse Pays $16M for Second Brooklyn Acquisition in Recent Months

105 Grand Avenue

Springhouse Partners has purchased 105 Grand Avenue, a 38,500-square-foot, newly-constructed residential building in the Clinton Hill section of Brooklyn for $16 million, sources tell The Commercial Observer.

The sale was an off-market deal brokered by Sean Lefkovits, Joe Koicim and Peter Von Der Ahe of Marcus & Millichap; and the seller was a group of undisclosed Brooklyn-based investors that decided to part ways, sources said. Read More