April 7, 2020

TerraCRG facilitates sale of two properties: $5.082 million total


TerraCRG, one of the borough’s leading commercial real estate brokerage firms, has completed the following:

The firm closed the sale of a multifamily building at 269A Linden St. in Bushwick for $2.925 million. Matt Cosentino, Fred Bijou and Eddie Laboz exclusively marketed the free market, gut renovated, six-unit building, which closed at a 6% cap rate and $648 per s/f.

TerraCRG also closed on the sale of a mixed-use building at 203 Columbia St. Cosentino, Peter Schubert and Nick Hershey exclusively marketed the property, finalizing the deal at $2.157 million. The closing was held via Zoom Conference as the seller lives in Italy and was not able to travel during this time.

Read more here.