NEW YORK CITY—Acuity Capital Partners has sold 65 Bogart St.—a multifamily loft building located on the East Williamsburg/Bushwick border of Brooklyn to Sugar Hill Capital Partners. The property sold for nearly $40 million, which equates to approximately $742 per square foot.

The converted multifamily loft building contains over 50,000 square feet and consists of 51 units over three floors. Brooklyn specialty broker TerraCRG handled the deal. The firm's Ofer Cohen, Melissa Warren and Dan Marks, along with their teams, were the sole brokers in the transaction.

“Loft style apartments situated in this highly sought after art district are rarely available, leading to strong demand from buyers when these assets come to market,” says Marks, TerraCRG partner.

“This particular section of Brooklyn has been on the rise for years and we expect to continue to see robust interest from the market to invest here,” he continues. “Our team is proud to have closed another significant sale in this neighborhood.”

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Instant Insights /

Converted Multifamily Building Sold in Brooklyn

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