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Brokerage
Posted: May 24, 2022
TerraCRG sells $4 million 16-unit multifamily building
Brooklyn, NY TerraCRG has closed on the $4 million sale of 38 Cooper St., a 16-unit multifamily building to Sky Soar Capital. TerraCRG partner Matt Cosentino and associate Isaiah Thomas exclusively represented the seller on this deal.
“Due to the market’s scarcity of fully vacant buildings and the ability to immediately renovate, this property was attractive to many investors,” said Thomas. “Buyers like Sky Soar Capital recognize the value that gut renovate vacant properties like this one can have on their investments.”
The four-story, 9,100 s/f building sits between Broadway and Bushwick Ave., in proximity to many of the national retailers that have come to Bushwick, as well as many of the exciting new bars and restaurants that have arrived within recent years. The property sits just a few blocks from the J, Z and L subway lines, providing access to all points in Brooklyn, Queens, and Manhattan.
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