Metrovest Equities.

Two neighboring properties, 1059 and 1961 Bergen Street in the Crown Heights section of Brooklyn, comprising 32 apartments, have been sold through the efforts of Metrovest Equities, reports George Filopoulos, president of the firm.

The properties, which were in distressed condition, were purchased for $850,000. Representing both the buyer and the seller was Metrovest associate broker Joseph Dabbah, who produced a buyer willing to sign a non-contingent contract. The transaction took 60 days to close.

"The only way that these properties were going to sell was through someone who believed in the community and had vision about its revitalization," says Dabbah. "Although both buildings were mostly vacant and in need of substantial repairs, the buyer could see an immediate upside potential due to the large size apartments in an area in which rents are on the rise."