The commercial real estate firm TerraCRG announced in a press release that 1020 Cortelyou Road, located between Stratford Road and Coney Island Avenue, was purchased by Sam Qureshi for $1,995,000. The release said Qureshi plans to build a 12,490-square-foot, five-story mixed-use building featuring eight residential units and ground-floor retail.
“This sale further underscores the potential and vibrancy of the Cortelyou Road corridor – even in the midst of the COVID-19 pandemic,” Peter Matheos, Partner at TerraCRG, said in a statement. “Our team remains bullish about Brooklyn’s recovery and the pipeline of new investment opportunities in the months to come.”
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