April 17, 2018

Cohen, Marks, Hess, and Lebor of TerraCRG close $9.75 million deal; Prospect Heights building located at 267 Flatbush Ave

TerraCRG has sold 267 Flatbush Ave. in Prospect Heights. Ofer Cohen, Dan Marks, Adam Hess, and Daniel Lebor, along with their sales teams, closed the deal at $9.75 million.

“This sale, at a sub 5% cap rate and over $900/SF, demonstrates that the multifamily investment market is making a strong comeback in 2018,” said Hess, partner at TerraCRG. “We expect to continue to see volume and pricing improve in the Brooklyn market.”

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