NEW YORK CITY — TerraCRG has brokered the sale of a mixed-used development site at 608-614 Franklin Avenue in Brooklyn’s Crown Heights neighborhood. Located on the corner of Franklin Avenue and Dean Street, the approximately 21,929-square-foot site has 141 feet of frontage on Franklin Avenue and 153.7 feet on Dean Street. Additionally, the property was recently zoned to R7A/C2-4, which allows for more than 75,650 buildable square feet or up to 100,875 buildable square feet with the addition of inclusionary housing. Crow Hill Development sold the property for $17.5 million or $231 per buildable square foot. Ofer Cohen, Melissa DiBella, Dan Marks, Peter Matheos, Michael Hernandez and Joseph Terzi of TerraCRG represented negotiated the sale of the property.
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