February 18, 2021

TerraCRG facilitates sales of four Brooklyn properties – $10.5 million total

TerraCRG has closed on the sale of four properties across the borough totaling $10.5 million.

Despite the lingering effects of the COVID-19 pandemic on the commercial real estate market, TerraCRG partner Matt Cosentino executed three sales in a span of just four weeks. “These closings represent the market’s continued confidence in the multifamily residential market – and Brooklyn’s real estate market overall,” said Cosentino, partner of TerraCRG.” We look forward to building on this momentum to make 2021 a strong year for multifamily transactions.”

“This sale further underscores the potential and vibrancy of the Cortelyou Rd. corridor – even in the midst of the COVID-19 pandemic,” said Matheos, partner at TerraCRG. “Our team remains bullish about Brooklyn’s recovery and the pipeline of new investment opportunities in the months to come.”

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