Back to all insights IPRG ANNOUNCES $2,175,000 SALE OF 247 LEONARD STREET IN WILLIAMSBURG, BROOKLYN
NEW YORK, N.Y. – August 11th, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 247 Leonard Street, a multi-family building located in the Williamsburg section of Brooklyn, for $2,175,000.
The transaction was negotiated by Luke Sproviero, Donal Flaherty, Corey Haynes and James Maliszewski who represented both the seller, Rich Palma, Ralph Palma, Michael Di Giorgio, and the buyer, Daniel Pineda & Hailey Maher.
IPRG brought the property to market at an asking price of $2 million. During the marketing process, a FOIL search revealed that the property, which had operated as a three-family building for more than 50 years, was legally classified as a two-family dwelling.
Following the discovery, IPRG repositioned the property and generated multiple competitive offers through targeted outreach to its buyer network. The property ultimately sold for $2.175 million, $175,000 above the original asking price.
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.