TerraCRG has brokered the sale of 1271 Willoughby Ave., a vacant multifamily building in Bushwick. Matt Cosentino, Fred Bijou and Eric Satanovsky brokered the deal for $2.7 million. The sale price equates to $529 per s/f and $450,000/unit as the six-unit building is 5,100 gross s/f.
“The property’s large units, building layout and ideal Bushwick location make it a unique project, and after renovation, it will be one of the premiere walk-up rental buildings in the neighborhood,” said Cosentino, partner at TerraCRG.
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