Eric Satanovsky - Commercial Real Estate Showcase

Eric Satanovsky Property Listings
634 Dean St
Brooklyn, NY 11238
(718) 768-6888
(646) 253-7750

Eric joined TerraCRG in the summer of 2013 as the Administrative Processor for the company’s financing division, working alongside the SVP of Debt Financing... More
Eric joined TerraCRG in the summer of 2013 as the Administrative Processor for the company’s financing division, working alongside the SVP of Debt Financing Efrat Sharon. TerraCRG’s Debt Financing Division originates commercial mortgages for the acquisition, refinancing, development and redevelopment of commercial real estate properties. Eric provides administrative support for the division’s in-process financing deals and creates marketing materials for loan requests. Eric is also involved in managing communications with lenders and borrowers.

Eric is currently completing his bachelor’s degree in entrepreneurship from CUNY Baruch.

Eric grew up and lives in Rockland County, NY. In his spare time he enjoys playing hockey, basketball, and skiing during the winter months as well as listening to a broad range of music and traveling. Less 
320 Tompkins Avenue - 4,800 BSF

Brooklyn, NY 11216-1503 - Bedford-Stuyvesant MF Submarket

Property Type:Multi-Family Number of Units:3 Status:Existing Year Built:1899
Stories:- Building Size:3,400 SF Land Area:.04 AC (1,599 SF)
For Sale Price:$1,300,000 Price/Unit:$433,333.33 Cap Rate:7.50 % GRM:-


Sale Notes:
TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily building at 320 Tompkins Avenue in the Bedford-Stuyvesant section of Brooklyn.

The building is located between Monroe Street and Gates Avenue, within close proximity to the A & C trains at the Nostrand Avenue and Kingston-Throop stations.

The vacant, brick, three-unit property is approx. 2,800 SF with over 2,000 SF of additional air rights. The property needs a full renovation and there are a number of potential renovation options, all of which will allow the new owner to generate very strong returns. Two potential options are:

1. The property can remain a three-story property with one 3-bedroom unit, one 2-bedroom unit and a ground floor duplex unit. This layout would generate approx. $100,000/year in gross revenue;

2. The 2,000 SF of air rights can be used to expand the property to create a 4.5 story, ~4,800 SF, property that would generate approx. $140,000/year in gross revenue.
The building is located in a premier Bedford-Stuyvesant location close to some of the best retailers in the neighborhood, including Sincerely Tommy (high-end clothing store and cafe); Crocus Cafe and Juice Bar; Nagle's Bagels and Bed-Vyne Wine. The property also allows easy access into Manhattan and Downtown Brooklyn within 20 minutes.

Matthew Cosentino
(718) 768-6888

Eric Satanovsky
(718) 768-6888

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