TerraCRG announced the following sales:
• A multifamily building at 269A Linden Street in Bushwick. Matt Cosentino, Fred Bijou and Eddie Laboz sold the property for $2,925,000. 269A Linden Street is a free market, gut renovated, six-unit building. It closed at about a 6% cap rate and $648 psf. TerraCRG represented the seller, Deergrow. The buyer was Abe Silberstein and family, also represented by TerraCRG.
• A mixed-use building at 203 Columbia Street in Brooklyn’s
Columbia Street Waterfront District. Matt Cosentino, Peter Schubert and Nick Hershey sold the property for $2,157,250. The closing was held via Zoom Conference with the Italy-based seller. The property consists of two residential units and a retail store and was sold for $682 psf. The retail store was delivered vacant. Pricing equates to a 5.3% cap rate. Both buyer and seller were represented by TerraCRG.
Read more here.