Back to all insights IPRG ANNOUNCES $2,150,000 SALE OF 129 JACKSON STREET IN WILLIAMSBURG, BROOKLYN
NEW YORK, NY – November 2, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 129 Jackson Street, a multifamily building located in the Williamsburg section of Brooklyn, for $2,150,000.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes and Sal Monteverde, who represented both the seller and the buyer.
The three-unit multifamily building was partially occupied and presented several challenges, including a short lot and a tenant paying below-market rent. Through a targeted marketing strategy, IPRG identified an owner-user who recognized the property’s long-term value and submitted an all-cash offer.
During the contract period, the buyer discovered an open building permit dating back more than 20 years. IPRG facilitated negotiations between the buyer and seller, securing an agreed-upon closing credit to address the outstanding permit. The resolution allowed the transaction to proceed without significant delays, resulting in a successful closing for both parties.
Founded in 2016, IPRG (Investment Property Realty Group) is a broker-owned commercial real estate brokerage specializing in investment sales, retail leasing, and property management across New York City and New Jersey. The firm focuses on the sale of multifamily properties, mixed use buildings, development sites, retail assets, and other commercial investment properties. Since its founding, IPRG has completed more than $4 billion in commercial real estate transactions, making it one of the most active investment sales firms in the New York metropolitan area. Through its market expertise, data driven approach, and collaborative platform, IPRG helps investors, developers, property owners, and institutions maximize the value of their commercial real estate assets. For more information, visit www.iprg.com.