February 2, 2021

Marks, Lebor and Finnerty of TerraCRG exclusively sells retail building in Brooklyn for $3.15 million

TerraCRG closed on the sale of a retail building at 5501Glenwood Rd. in the East Flatbush neighborhood for $3.15 million. Dan Marks, Daniel Lebor and Rob Finnerty exclusively represented the seller.

“TerraCRG is extremely proud to have successfully advised the sellers on this sale. This is the first time in over 70 years this property has changed ownership,” said Marks, partner at TerraCRG.

TerraCRG began marketing this property in September 2020. “What makes this transaction notable was that we were able to generate nearly a dozen offers for a retail property, with non-credit tenants, in Brooklyn, in the midst of a global health pandemic,” said Marks.

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