Back to all insights IPRG ANNOUNCES $3,250,000 SALE OF 460 15TH STREET IN PARK SLOPE, BROOKLYN
NEW YORK – Oct. 20, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 460 15th Street, a multifamily building located in the Park Slope section of Brooklyn, for $3,250,000.
The transaction was negotiated by Adam Lobel, Derek Bestreich, Luke Sproviero and Toby Waring, who represented both the seller and buyer.
The property presented significant challenges, including more than 250 open violations and its inclusion in New York City’s Alternative Enforcement Program (AEP). The building had remained boarded up for several years and required extensive renovations due to substantial deferred maintenance.
These conditions limited the pool of prospective buyers, prompting IPRG to implement a targeted marketing strategy focused on experienced investors and professional operators capable of undertaking complex rehabilitation projects. Through this approach, the brokerage identified a buyer with the expertise and resources to address the property’s outstanding issues and restore the building.
The buyer plans to complete substantial renovations, resolve the outstanding violations and work toward removing the property from AEP, positioning the building for long-term improvement.
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.