TerraCRG Grows In Brooklyn
We all know Brooklyn is the new Manhattan, but here’s the most convincing stat for the show-me's: The Brooklyn commercial sales market boomed from $1B in 2010 to $5B in 2013. TerraCRG founder Ofer Cohen (right) tells us his firm, founded in 2008, focuses solely on this promised land, closing 75 transactions a year. In 2012, CoStar ranked it No. 2 in a top brokerages list. In 2013, TerraCRG sold 35% of all Park Slope multifamily and mixed-use buildings and closed on more development site sales than any other firm, namely selling 275 Fourth Ave for $14.8M and 470 Fourth Ave for $20M. Also closed: more than $30M surrounding Barclays Center, including several marquee deals like the Triangle Sports Building at 182 Flatbush, 32 Fifth Ave, 267 Flatbush, and 78 St. Marks Place. For more on our sponsor, click here.
