April 13, 2016

Selling Points: TerraCRG Brings New Bed-Stuy Apartment Building to Market

News Property News

Real Estate Weekly

TerraCRG has been retained exclusively to sell a newly constructed building located at 902-908 Bedford Avenue in Brooklyn’s Bedford-Stuyvesant neighborhood. Matt Cosentino and Adam Hess, along with their teams, are marketing the building. The asking price is $33,500,000.

“This is an extremely unique offering as there are very few opportunities to buy properties of this size in the area,ˮ said Cosentino, Vice President at TerraCRG. “Additionally, the properties are only in year 11 of a 25-year 421-A tax abatement and they have strong in-place income while also having upside potential as units turnover and the area continues to emerge.”

Read more here.