January 3, 2018

DEVELOPER SELLS HISTORIC BK MOVIE THEATER FOR $53M

Property News

Real Estate Weekly

TerraCRG has announced the sale of 1501 Pitkin Avenue, a 100 percent NN leased building that occupies a full city block in Brooklyn. Ofer Cohen, Dan Marks, Matt Cosentino, Fred Bijou, and Eric Satanovsky, along with their sales teams, brokered the deal at $53,000,000.

“1501 Pitkin Avenue is a true Brooklyn comeback story,” said Matt Cosentino, Vice President, Investment Sales at TerraCRG. “After many years of vacancy and neglect, the seller, POKO partners, brought life back to this majestic property by building an incredible education facility that serves almost 1,000 public school students.”

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