Terra CRG retained to sell Bedford-Stuyvesant construction portfolio

Brooklyn, NY TerraCRG has been retained exclusively to sell a prime new construction portfolio located in the Bedford-Stuyvesant neighborhood. Ofer Cohen and Matt Cosentino, along with their teams, are marketing the portfolio. “This offering presents a unique opportunity to purchase three brand new construction buildings all in very prime Bedford-Stuyvesant locations, a neighborhood that continues to be one of the most sought after by opportunistic investors,” said Cosentino, vice president at TerraCRG. The three properties, located at 186 & 194 Herkimer Street and 643 Madison Street, combine for approximately 25,561 s/f and contain a total of 29 residential units. Of the 29 units, 17 feature private outdoor balconies, including six with roof terraces. All of the units have access to a common outdoor space and benefit from condo finishes with hardwood flooring throughout and stainless steel 186 & 194 Herkimer St., located at the corner of Herkimer St. and New York Ave., are ideally situated approximately three blocks from the Nostrand Ave. A and C trains. Additionally, they are one block away from Restoration Plaza, the center point of retail expansion in the area. 643 Madison St., located between Stuyvesant Ave. and Malcom X Blvd., is in proximity to the Utica Ave. A and C trains and the Gates Avenue J and Z trains. It is situated near many new trendy bars and restaurants opening in the area, including L’Antagoniste French Restaurant and Casablanca Bar. Both locations allow access to Manhattan in just 20-25 minutes.