News:
Brokerage
Posted: January 11, 2022
TerraCRG sells $1.8 million development site in East Williamsburg
Brooklyn, NY TerraCRG has closed on the $1.765 million sale of a 2,500 s/f development site located at 366 Leonard St. in East Williamsburg. Dan Marks, Daniel Lebor, and Andrew Manasia represented both the seller, Leonard Villa LLC, and buyer, 366 Leonard St LLC, in the transaction.
“We received a number of offers from active developers on this property, which speaks to the continued demand for residential opportunities in this neighborhood – and the strength of the market overall,” said Daniel Lebor, partner at TerraCRG. “Our expertise helped facilitate a quick and efficient sale for both buyer and seller.”
The property, which currently includes a 1,300 s/f two-family building, was delivered vacant with approved demolition plans for a new building. The site is zoned M1-2/R6, MX-8, which calls for 6,750 buildable s/f as-of-right or 9,000 buildable s/f with the City’s voluntary inclusionary housing bonus.
Tags:
Brokerage
MORE FROM Brokerage
Cleeman Realty Group closes $22.6 million off-market retail transaction in Pennsylvania
Pottstown, PA Cleeman Realty Group closed the sale of Town Square Plaza, a 215,572 s/f retail shopping center located at 1100 Town Square Rd. for $22.6 million in an off-market
 (2).gif)
Columns and Thought Leadership
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
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 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
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
.gif)