Back to all insights IPRG ANNOUNCES $16,000,000 SALE OF 205 ASHLAND PLACE/ 30 ST. FELIX STREET IN FORT GREENE, BROOKLYN
NEW YORK, NY – August 26, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 205 Ashland Place (also known as 30 St. Felix Street), a multi-family building located in the Fort Greene section of Brooklyn, for $16,000,000.
The transaction was negotiated by Donal Flaherty, Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring, who represented both the seller, Fredrick Wiener, and the buyer, Jody Kriss.
The sale equates to $1 million per unit and approximately $640 per square foot.
Constructed in 1931, the four-story, ~25,000 SF block-through walk-up wraps from Ashland Place onto St. Felix Street and had been held by the same family for roughly two decades. It is located within half a mile of BAM, Barclays Center, and Atlantic Terminal.
The sellers had previously hired several national firms without success. They then attempted a direct sale without a broker, but the deal collapsed due to repeated renegotiations.
The owners subsequently engaged IPRG, which connected them with a 1031 exchange buyer facing a tight acquisition timeline. The transaction moved quickly to contract and closed within 60 days, providing the sellers with an efficient execution after several prior attempts to sell the property.
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.