High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + Outer  + Industrial  | 

TerraCRG Finalizes Greenwood Heights Portfolio Deal

TerraCRG has closed on the sale of a mixed-use portfolio in Brooklyn’s Greenwood Heights neighborhood totaling $8.6 million. The portfolio includes several industrial properties and a three-story multifamily building. Dan Marks, Daniel Lebor, Matt Cosentino, and Adam Tannenbaum of TerraCRG represented the seller, a longtime Brooklyn owner. 

“These closings demonstrate the strength of our team to market and close on properties across a variety of asset classes, and our firm’s comprehensive knowledge of the Brooklyn commercial real estate market helped facilitate a smooth transaction for both the buyer and seller,” said Marks.  

The industrial properties comprise four parcels located at 750-758 4th Ave. and 240 24th St., totaling 25,540 gross square feet. The multifamily building is located at 246 24th St. and includes two residential units for a total of 2,625 gross square feet.  HL Dynasty Real Estate Corp. represented the buyer. 

Connect

Inside The Story

TerraCRG

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition