St. Marks



Transaction Summary:

In August 2013, CGI entered into a project build a 6 unit for-sale condominium development in the desirable Prospect Heights neighborhood of Brooklyn, New York. The project will consist of two buildings (with three stacked condo-units in each building) built on a 5,000 square foot lot. The total projected cost is estimated to be $6.0MM. CGI developed the project with larger two and three bedroom units to appeal to the family oriented demographic of Prospect Heights, a well established neighborhood known for its cultural diversity and tree-lined streets. Based on original projections, St. Marks is expected to generate $9.3MM in total sales proceeds upon project completion.

Transaction Details

Property Address 330 St. Marks Ave, Brooklyn, NY

Acquisition Date: 2013

Total Estimated Project Cost $6,000,000

Asset Type Luxury Condominium Building Development

Size 12,000 SQF, 6 Units


Posted on

August 20, 2015