The apartments are located in seven contiguous buildings along 14th Street. A team from the Brooklyn-focused brokerage company TerraCRG, led by partner Adam Hess, handled the sale.
“The money that used to chase deals in Manhattan is now coming to Park Slope because it’s just as safe of an investment and has more growth potential,” Hess said.
In recent months, Hess and his team have completed about $60 million in deals in the neighborhood, one of the highest totals he has ever handled in the area.
“High prices prompt long-term owners to sell,” he said. “It’s creating an opportunity for buyers to acquire trophy property in the neighborhood that otherwise rarely comes available.”
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