March 2, 2016

Cohen, Warren and Marks of TerraCRG Broker $6.01 Million Sale

Mentions News

New York Real Estate Journal

TerraCRG has completed the sale of 283 Greene Avenue, a residentially-zoned commercial building with air rights allowing for 16,085 buildable SF in Clinton Hill. Ofer Cohen, Melissa Warren and Dan Marks, along with their TerraCRG team, were the sole brokers. The 13,300 SF building sold for $6.01 million, which equates to approximately $375 per buildable SF and $450 per existing SF.

“The market for unique conversion opportunities remains very strong as developers, users and investors are looking to capture the momentum in this neighborhood,” said Cohen, founder and president of TerraCRG. “Having sold numerous assets in the immediate vicinity, our team was able to achieve a significant premium for ownership.”

Read more here.