TerraCRG Puts Greenpoint Multifamily Under Contract
TerraCRG has entered into contract on the sale of 67 Sutton St., an eight-unit, brick multifamily property in Brooklyn’s Greenpoint neighborhood. Partner Matt Cosentino and senior associate Rémi Norris represented the seller.
The four-story, 6,050-square-foot, tax-class protected building features eight fully occupied residential units, including three free-market units.
“This property represents a unique investment opportunity having both immediate available upside and significant longer term upside potential,” said Cosentino. “We look forward to sharing more details about the sale after closing.”
67 Sutton St. sits two blocks from the extremely popular McGolrick Park and enjoys proximity to a wide variety of well-known cafes, bakeries, and restaurants such as Goldie’s Bar, the Palace, Amber Steak House, Variety Coffee Roasters, and Green Lane Coffee. A variety of dependable transportation services are nearby, including the G and L subway lines as well as multiple bus services and New York’s East River Ferry.
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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