Brokerage division closes first transactions

The investment property sales division of Williamsburg-based brokerage aptsandlofts.com has closed its first three transactions, the six-year-old company announced today. The three transactions included a $1.8 million, all-cash sale of the shell of an eight-unit condominium on Frost Street in Williamsburg; a mixed-use property on Metropolitan Avenue in Williamsburg for $935,000; and a two-building Package On Manhattan Avenue in Greenpoint. The investment property group, launched in fall 2008, focuses on bulk condo-unit sales, distressed properties, vacant lots, partially completed new developments and projects that are in default on construction loans. TRD