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TerraCRG Closes Sale of Bushwick Apartments
TerraCRG has closed on the $4,000,000 sale of 38 Cooper St., a 16-unit multifamily building in Brooklyn’s Bushwick neighborhood, to Sky Soar Capital. Partner Matt Cosentino and associate Isaiah Thomas 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 renovating vacant properties like this one can have on their investments.”
The four-story, 9,100-square-foot building sits between Broadway and Bushwick Avenue, in proximity to many of the national retailers that have come to Bushwick, as well as many of the 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.
- ◦Sale/Acquisition
