Nationwide property consultancy Aengevelt has successfully advised on the sale of a multi-family residential building in the Berlin district of Neukölln. The residential building is situated at Fritz-Erler-Allee 63 and comprises a total of nine residential units on a plot of approximately 576 square metres. The corresponding notarial purchase agreement was notarised on 17 September 2026.
The vendor is a major institutional portfolio holder. The buyers are private investors based in the immediate neighbourhood of the property. The transaction came about after the brokerage approached the wider market while simultaneously seeking interested parties specifically in the local surroundings of the location.
Structured marketing and process management
Aengevelt handled the transaction comprehensively, providing continuous guidance during the technical due diligence up to the signing of contracts, among other tasks. In addition to advising both parties throughout the entire marketing process, the consultancy also assisted the private buyers with structuring the financing.
- —Property address: Fritz-Erler-Allee 63, Berlin-Neukölln
- —Plot size: approx. 576 square metres
- —Housing stock: 9 residential units
- —Contractual parties: Major portfolio holder to private neighbourhood investors
Local knowledge as a key factor for success
The vendor stressed that particular importance was attached to transferring the property into the hands of owners who are familiar with the area. Continuous guidance from the brokerage through to the notarial certification ensured a smooth handover of the property.
Marc Retzlaff, Senior Consultant Investment & Development at Aengevelt Berlin, stated that the targeted search within the neighbourhood had been a deliberate step. Individuals from the direct vicinity bring an established understanding of the property and the local area. The combination of this tailored approach and targeted financing support enabled the successful completion.
