Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent by a private local investor for the sale of 185 Prospect Park West, an attractive 10-unit multifamily property located in Brooklyn, NY.

Greysteel Senior Investment Associates, Michael Stimler and Ari Azarbarzin are marketing the property.

185 Prospect Park West, built in 1920, consists of 10 units and is located along one of the most desirable blocks in Brooklyn. Tenants enjoy a host of original, turn-of-the-century architectural features, as well as rooftop access which provides unparalleled views of Prospect Park and Greater New York City.

“Three of the 10 units are rent stabilized, and the remaining seven units are free market, which allows for an immediately increases in rental income following lease turnover,” said Mr. Stimler. “Potential purchasers can also realize additional rental upside by extending underutilized space to additional bedrooms.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with nine offices located in Phoenix, AZ; Los Angeles, CA; Washington, D.C.; Baltimore, MD; New York, NY; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com