Back to all insights IPRG ANNOUNCES $2,950,000 SALE OF 321 GRAND STREET IN WILLIAMSBURG, BROOKLYN
NEW YORK, NY – October 13th, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 321 Grand Street, a mixed-use building located in the Williamsburg section of Brooklyn, for $2,950,000.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Donal Flaherty, Corey Haynes and Thomas Ventura, who represented both the seller, the Rodriguez Family, and the buyer, the Wang Family.
IPRG was exclusively engaged to market the tenant-occupied property, which presented challenges due to an existing below-market lease. Through a targeted marketing strategy, the team identified an owner-user who recognized the property’s long-term potential and submitted an all-cash offer.
To facilitate the transaction, IPRG worked with the existing tenant to coordinate a vacancy 15 days before closing. This approach minimized rental income loss for the seller while allowing the buyer to take possession of the property shortly after the tenant vacated. The transaction closed on an expedited timeline, maximizing proceeds for the seller and providing a seamless transition for the buyer.
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.