Back to all insights IPRG ANNOUNCES $3,000,000 SALE OF 709 FULTON STREET IN FORT GREENE, BROOKLYN
NEW YORK, N.Y. – July 13, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 709 Fulton Street, a mixed-use building located in the Fort Greene section of Brooklyn, for $3,000,000.
After owning the property since the 1990s and recently relocating to South Carolina, the seller exclusively hired IPRG following a decade-long relationship. The 4,350 square-foot mixed-use building, featuring two residential apartments above a ground-floor retail space, generated strong investor demand and 10 qualified offers within a few weeks of marketing.
IPRG negotiated an as-is, non-contingent sale that closed at $3,000,000, matching the valuation presented to the owner before the property was listed. Following the sale, the IPRG Retail Leasing Team was retained to lease the ground-floor retail space.
The transaction was negotiated by Derek Bestreich, Luke Sproviero, Adam Lobel and Toby Waring, who represented both the seller, Peter West, and the buyer, Aretz Development – Albert Dayan.
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.