TerraCRG Markets Downtown Brooklyn Development Site
TerraCRG has been retained to sell 340 Livingston St., a corner property currently being used as a commercial building in downtown Brooklyn. Partners Ofer Cohen, Dan Marks and Daniel Lebor are marketing the property alongside their investment sales team.
The 16,750-square-foot, four-story building sits on a 3,531-square-foot lot on the corner of Nevins and Livingston streets. Current zoning allows for a residential ZFA of 35,315. Additionally, the site’s inclusionary housing FAR of 12.0 will allow for development of up to 42,377 square feet.
“We are very excited to bring this 100% leased building to the Downtown Brooklyn market,” said Cohen. “Prime for residential development, the site provides a unique investment opportunity as it has the potential to be delivered vacant in 2027.”
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).
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