Brooklyn, NY TerraCRG has completed the sale of the commercial building at 15 Vanderbilt Ave. in Clinton Hill. Dan Marks, Daniel Lebor and Garrett Allen of TerraCRG represented the seller in the $3.225 million closing.
“We’re happy to announce the sale of this well-known property in Clinton Hill,” said Marks, partner at TerraCRG. “This is such an exciting area that continues to grow thanks in large part to all of the great developments in and around the Brooklyn Navy Yard.”
The TerraCRG team represented the seller, Rungravee Napadol. Ali Raza and Troy Gordon of We R New York represented the buyer, Bridgeton Holdings.
The 5,640 gross s/f building is comprised of a 3,240 s/f ground floor restaurant and bar with a full commercial kitchen on the lower level and an office on the second floor. The property also has 2,440 s/f of available air rights.
The M1-2 zoned property is advantageously located across the street from the Brooklyn Navy Yard, a massive campus undergoing its largest expansion since WWII. The Yard is home to hundreds of innovative businesses, manufacturers and tech companies and anticipates the creation of tens of thousands of jobs over the next few years with its continued growth and lease-ups in Building 77, Dock 72, the expansion of Steiner Studios and the addition of Wegman’s.