New York Real Estate Journal

Matheos and Kornfeld of TerraCRG retained to sell 3021 Tilden Avenue, Brooklyn

July 6, 2016 - Brokerage
Peter Matheos, TerraCRG Peter Matheos, TerraCRG
Brooklyn, NY TerraCRG has been retained exclusively to sell a turn-key mixed-use building in the Flatbush neighborhood, located at 3021 Tilden Ave. Peter Matheos and lead broker Adan Elias Kornfeld are marketing the property. “In just under three years, the Flatbush neighborhood has experienced a tremendous 200% growth in dollar volume. This offering presents an ideal opportunity to capitalize on this growth as the neighborhood continues to go through a transformation,” said Peter Matheos, vice president at TerraCRG. The three-story building contains approximately 4,000 SF and consists of two floor-through four- bedrooms, one retail unit and a finished basement, all of which have been completely gut-renovated with high-end finishes. Situated on the corner of Tilden Avenue and East 31 st St., the property is ideally located one block from Nostrand Ave., one of the prime retail corridors in the area. Nostrand Avenue is filled with restaurants, shops and national tenants including Chase, Staples, Duane Reade, Blink Fitness and Walgreens. Additionally, it is just a few blocks from Kings Theatre, a historic venue that was recently restored into a state-of- the-art live performance theatre. Flatbush is emerging as a strong sub-market in New York City, seeing an influx of new development with over 1,200 new units coming to the immediate area. Most notably, there is a 23-story tower being developed at 1580 Nostrand Ave., which will include 153 apartments and two stories of ground-level medical offices.