Brooklyn, NY INK Property Group and TerraCRG have completed the sale of 88-92 Linden Blvd. in the Prospect Lefferts Gardens neighborhood for $6.5 million. This is the second transaction in 2015 that Matt Cosentino, Peter Matheos and Eric Satanovsky of TerraCRG have represented for the new real estate company. TerraCRG also represented the buyer, Brookland Capital.
88 and 92 Linden Blvd. were two separate single-family homes that INK purchased for market value. However, INK recognized the substantial upside potential of packaging the lots together to take advantage of the available air rights. Working with TerraCRG, INK was able to reposition the properties as a development site — with 48,000 s/f of buildable air rights—creating enormous value.
Read more here.