TerraCRG has completed the sale of 82 16th Street, a 16-unit multifamily building located in the Park Slope/Gowanus neighborhood. Adam Hess, along with his team, Eddie Setton and Kirill Galperin were the sole brokers. The property sold for $3.575 million, which equates to a 4.7% cap rate and $572 per s/f.
“The rental market in the South Slope/Gowanus area offers tremendous potential for growth as residents from surrounding neighborhoods like Park Slope and Carroll Gardens seek more affordable rents with access to the same high-end amenities,” said Adam Hess, partner at TerraCRG.
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