Palmese of Cushman & Wakefield closes sale of 2 Pierrepont Street

New York, NY A residential building at 2 Pierrepont St., located on the southeast corner of Pierrepont St. and Pierrepont Place in Brooklyn Heights, was sold in an all-cash transaction. The 12-story building contains 40,178 s/f on a 42’ x 100’ lot. It consists of 39 residential units, totaling 26,700 rentable s/f. The unit mix consists of 13 studios, 4 one-bedrooms, 18 two-bedrooms, 3 three-bedrooms, and 1 four-bedroom. Situated at the entrance of the renowned Brooklyn Heights Promenade, the waterfront property offers unparalleled views of the Manhattan skyline. The property is located in close proximity to multiple subway lines, providing direct access to Lower Manhattan and connectivity throughout all of New York City. It is just a short walk from Downtown Brooklyn’s business district and is surrounded by some of the area’s most popular neighborhoods, including DUMBO, Cobble Hill, and Boerum Hill. “2 Pierrepont St. provides an extraordinary conversion property in one of New York City’s top ranked residential neighborhoods,” said Cushman & Wakefield’s Stephen Palmese, who exclusively handled this transaction. The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.