TerraCRG has been retained to sell 287-295 Wyckoff Ave., a portfolio with three free-market mixed-use buildings and one rent-stabilized multifamily building in Brooklyn’s Bushwick neighborhood. Partner Matthew Cosentino is marketing the property alongside senior associates Rémi Norris and Isaiah Thomas.
The Wyckoff Portfolio offers an opportunity to purchase approximately 17,000 above-grade square feet of real estate, four contiguous buildings, 22 total units and 4,700 additional buildable square feet along Wyckoff Avenue, which has emerged as Bushwick’s primary corridor in recent years.
“There is significant upside in the existing rents as many of the current leases were signed during the height of COVID and as these leases burn off, the rent roll will continue to grow without the need for additional capital expenditures,” said Cosentino.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).