TerraCRG has brokered the sales of two multifamily buildings in Brooklyn totaling $8.9 million. In the first transaction, a 16-unit multifamily property located at 851 Franklin Avenue in Crown Heights sold for $5.5 million, or $652 per square foot. The fully renovated 8,440-square-foot property features six two-bedroom units, six studio units and four one-bedroom apartments. Additionally, the property features bike storage, laundry facilities and storage lockers for tenants.
In the second deal, a 16-unit multifamily building located at 4109 Seventh Avenue in Sunset sold for $3.4 million, or $257 per square foot. Adam Hess, Sam Shalumov, Eddie Setton and Kirill Galperin of TerraCRG were the sole brokers in both transactions.
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