Thursday 22 March 2018

Sentinel sells pair of rent-stabilized Crown Heights buildings for $53M

International landlord Sentinel Real Estate sold two rental buildings at 921 and 941 Washington Avenue in Crown Heights for $53.3 million, records filed with the city Thursday show. The buyer was Graham and Gregory Jones’ GRJ Real Estate, a multifamily investment firm started by the siblings in 2010. According to recent tax records, 71 of the buildings’ 125 apartments are still rent-stabilized, indicating that many of 90-year-old buildings’ units have been deregulated over time. A […]



source https://therealdeal.com/2018/03/22/sentinel-sells-pair-of-rent-stabilized-crown-heights-buildings-for-53m/

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