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TerraCRG Closes Sale of Property in East New York O-Zone
TerraCRG closed on the $2.5-million sale of a 13,500-square-foot commercial property at 555 Liberty Ave. in East New York. Dan Marks, Daniel Lebor, and Rob Finnerty exclusively represented the seller, Moshe Simpson.
“Located both within an Opportunity Zone and the East New York rezoning area, this site offers residential and commercial use options and reflects the mixed-use potential for this neighborhood,” said Marks. “Our team remains bullish about Brooklyn’s commercial sector and the pipeline of new investment opportunities in the months to come.”
The two-story corner building sits on an approximately 7,500-square-foot lot that includes a 2,300-square-foot side yard and garage. The property features 13-foot ceiling heights, is easily divisible for multiple tenant uses, and will be delivered vacant to the buyer, Chad Nelson.
Within the East New York rezoning area, a number of developments are nearing completion or have been completed in recent months.
- ◦Sale
