Topaz Realty pays $22M Madison Realty Capital’s W’burg rental

Topaz Realty Management is the buyer of Madison Realty Capital’s $22.4 million rental building in South Williamsburg. Madison, led by Josh Zegen and Brian Shatz, sold the 35-unit, 22,800-square-foot building at 265-267 South 2nd Street, the Commercial Observer reported Wednesday. Property records filed with the city Thursday reveal the buyer to be Topaz Realty, a Union Square-based investment firm headed by Poonam Sachdev and Suresh Sachdev. Daniel Pollak of ZP Realty Capital served as a financial adviser … [more]

Source: Real Estate

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