Marks and Courtney of TerraCRG broker $1.4 million sale of 64 DeGraw Street

Brooklyn, NY TerraCRG has brokered the sale of 64 DeGraw St., a development site located between Van Brunt and Columbia Sts.' Columbia St. Waterfront District. Dan Marks and Adam Courtney, along with their team, exclusively represented the seller in this transaction. The property sold for $1.4 million, which equates to approximately $385 per s/f. “We’re thrilled to have closed another development site in this neighborhood. Although overall development activity has slowed down this year, we were able to identify a number of interested buyers for this site and continue to find demand for other development sites our team is marketing throughout Brooklyn,” said Dan Marks, partner at TerraCRG. The M1-1 zoned site contains 1,950 s/f on a 19.5 ft. x 100 ft. lot. Delivered vacant, the site has BSA approved plans for a three-story, three-bedroom townhouse with an office, private yard, parking space and a roof terrace. The plans call for a total of 3,639 s/f of living space. The property is just a short walk to both the Bergen Street and Carroll St. F/G trains, one block from the B61 bus and directly across the street from the Brooklyn Waterfront Greenway bike path. It has convenient access by car to the BQE and the Prospect Expressway. Additionally, the property is ideally situated near a number of retailers including Ikea, Fairway Market and Whole Foods, as well as a variety of restaurants and bars.