News: Brokerage

TerraCRG sells 1818 Atlantic Ave. for $2.25 million

Brooklyn, NY TerraCRG has closed on the $2.25 million sale of 1818 Atlantic Ave., a property consisting of two tax lots located in Crown Heights. Partners Dan Marks, Daniel Lebor and senior associate Jackson O’Neill of TerraCRG exclusively represented the seller on this deal.

1818 Atlantic Ave., zoned M1-1, sits on a 6,667 s/f lot with frontage spanning from Atlantic Ave. to an entrance on Paci?c St. The property is open and features seven skylights and glass sliding doors that lead to a 25 ft. x 25 ft. central courtyard. The interior spaces have poured concrete ?oors, 13 to 21 ft. ceiling heights, AC/heat, a full kitchen, three half bathrooms and three drive-in doors.

“You can’t tell from the outside, but this is a really special property. Our clients did an amazing job transforming an old industrial warehouse into a creative workspace,” said Dan Marks, partner at TerraCRG.

This industrial property, situated on Atlantic Ave. between Utica and Rochester Aves., offers access to downtown Brooklyn, Lower Manhattan, and other destinations in the city. A four-minute walk to the Utica Ave. subway station (serviced by the A and C lines) opens up connections to the Long Island Rail Road, Barclays Center, Atlantic Terminal Mall, Prospect Park, and more.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of