October 5, 2017

ON THE SCENE: TerraCRG selling vacant resi development in East Williamsburg

Real Estate Weekly

TerraCRG has been retained exclusively to sell 566 Grand Street, a vacant residential development site in East Williamsburg, Brooklyn. Dan Marks, Partner, and Dan Lebor, Director of Business Development, are marketing the property with an asking price of $2,800,000.

TerraCRG announced the following sales:

440 Senator Street, a four-story, 20-unit apartment building in Bay Ridge, Brooklyn. The deal was brokered by Peter Matheos, Senior Vice President, and David Algarin, Associate Vice President at $4,850,000.

786 Knickerbocker Avenue in Bushwick for $1,150,000. The 2,480 s/f mixed-use building was brokered by Matt Cosentino, Vice President, Eric Satanovsky, Senior Associate and Fred Bijou, Associate. The purchaser was Cycamore Capital, an investment firm based in Brooklyn that specializes in value-add multifamily and mixed-use assets.

Read more here.