BROOKLYN INDUSTRIAL BUILDING SELLS

by admin

NEW YORK CITY — New York City-based Terra CRG has brokered the sale of a five-story, 24,000-square-foot, loft industrial building located in Brooklyn, New York City. The property is situated at 25-27 Lexington Ave. within the borough's Clinton Hill neighborhood. The buyer, 802 LLC, plans to initially use the vacant property for an import/export business, with the possibility of converting to mixed-use or residential use in the future. The building's seller, ABP Realty LLC, had preliminary plans to convert the building into 24 apartments. The acquisition price was not disclosed.

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