News:
Brokerage
Posted: September 7, 2021
Marks, Lebor, and Finnerty of TerraCRG broker $6.3 million industrial site sale
Brooklyn, NY TerraCRG closed on the $6.3 million sale of an industrial site located at 848 E 43rd St. in East Flatbush. Dan Marks, Daniel Lebor, and Robert Finnerty exclusively represented the seller.
Within the Industrial Business Zone, the property consists of one L-shaped 29,460 s/f lot with a 17,500 s/f industrial building and an adjacent 12,000 s/f gated yard. The sale price translates to $360 per s/f.
“This sale portrays the consistent demand of industrial assets in the market and supports our expectations of a strong latter half of the year,” said Lebor, partner at TerraCRG. “We are excited to see what 2H 2021 brings, with a steady return to overall activity.”
Tags:
Brokerage
MORE FROM Brokerage
200E20TH sells out in Gramercy, penthouse A closes out sales at the CetraRuddy-designed condominium residences
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
Columns and Thought Leadership
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
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
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
.gif)