November 7, 2014

Selling the outer boroughs to foreign investors

“These days, I don’t really have a problem attracting foreign investors to Brooklyn,” maintained Adam Hess, a partner and senior vice president in charge of TerraCRG’s Multifamily Investment Sales Division. He recently sold a six-unit building at 401 12th Street in Park Slope to a private Japanese investor for $4 million.

“Foreign investors are coming to us unprompted,” he added.