December 6, 2019

ON THE SCENE: TerraCRG has announced the sale of the industrial building at 250 Green Street in Greenpoint, Brooklyn.

News Recent Closings

Real Estate Weekly

TerraCRG has announced the sale of the industrial building at 250 Green Street in Greenpoint, Brooklyn. Dan Marks, Daniel Lebor and Garrett Allen have closed the deal at $5,750,000.

TerraCRG represented the seller, Kingston Green Street LLC, and the buyer, Gotham Drywall Inc., was represented by Mat Diana of DY Realty.

Located within an opportunity zone, the M1-1/M3-1-zoned property is a two-story 11,822 s/f building. There are 6,678 s/f of air rights available allowing to maximize the gross buildable s/f to 18,500. There is also a courtyard in the center of the building that can be accessed via several egresses.

The property is just a short distance from the Greenpoint Avenue G train stop. It is also near the Pulaski Bridge to Long Island City and BQE, providing access to Manhattan and Queens.

Read the full article here