August 10, 2021

TerraCRG facilitates three sales in Brooklyn totaling $7.648 million

Brooklyn, NY TerraCRG completed the following transactions:

The sale of an industrial building at 189 First St. in Gowanus. Brokers involved in this deal include the TerraCRG team, comprised of Dan Marks, Daniel Lebor and Adam Tannenbaum, along with Jakub Nowak, Jake Torre of Marcus and Millichap and Thomas Cordasco. ABC Collision, an auto repair shop operating for more than 20 years in the area, purchased the property from Advanced JAF Holding, LLC for $3.748 million, which reflects a price of $561 per s/f. Located near Barclays Center, the property is surrounded by major developmental projects that are underway or recently completed and is accessible to a multitude of transit lines.

“While this property is located within the proposed Gowanus rezoning area, we always believed this property was best suited for a commercial user who was looking to continue operating in the area – which ultimately was the case,” said Marks, partner of TerraCRG. “My team is very proud to have completed another sale in Gowanus.”

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