ABJ Properties pays $4.6M to Impact Development for 14-unit rental in Park Slope

ABJ Properties through the entity Bk7 Holdings LLC paid $4.6 million to Impact Development Corp. for the 14-unit rental (C7) at 168 5th Avenue in Park Slope, Brooklyn.
The deal closed on May 5, 2021 and was recorded on May 20, 2021.
The property has 11,634 square feet of built space and 0 square feet of additional air rights for a total buildable of 9,066 square feet according to PincusCo analysis of city data. The sale price per built square foot is $395 per the PincusCo analysis.
The seller bought the property on 9-Jul-13, for $1.8 million.
The signatory for Impact Development Corp. was Janine Hodgkins. The signatory for ABJ Properties was Ben Soleimani.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $13,000.
The contract date was December 1, 2020.
The former owners according to the Department of Housing Preservation and Development included Nyron Thomas, head officer and Ventura Cruz, site manager. The business entity was Impact Development Corp.

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