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Brooklyn Investor Snaps Up Park Slope Rentals
TerraCRG recently closed on the sale of a seven-unit rent-stabilized property at 42 St. Johns Pl. in Brooklyn’s Park Slope neighborhood. TerraCRG partner Matt Cosentino exclusively represented the seller, Ken Solomon, in the off-market transaction.
“This property has been in the seller’s family for nearly six decades, and we are pleased to have fulfilled his request for a quick closing by bringing the buyer to the table through our deep and extensive network of Brooklyn investors,” said Cosentino,. “The first quarter of 2021 is shaping up to be a strong one for multifamily transactions in the borough.”
Saint John Brownstone Holdings purchased the four-story, 3,420-square-foot property for $1.5 million. The price reflects a 5.5% capitalization rate at $439 per square foot.
- ◦Sale
