Albert Dayan sells mixed-use in Park Slope for $3.5M

The entity Lake View Run LLC paid $3.5 million to Albert Dayan through the entity 323 5th Aretz LLC for the two-unit mixed-use building (S2) at 323 5th Avenue in Park Slope, Brooklyn.
The deal closed on April 30, 2026 and was recorded on May 7, 2026. The property has 2,851 square feet of built space and 934 square feet of additional air rights for a total buildable of 3,789 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,227 and the price per buildable square foot is $923 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on July 11, 2024, for $2.6 million. The signatory for Albert Dayan was Albert Dayan. The contract date was March 5, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Albert Dayan purchased eight properties in eight transactions for a total of $24.2 million and had not sold any properties over the same time period.

The property

The mixed-use building with 2 residential units in Park Slope has 2,851 square feet of built space and 934 square feet of additional air rights for a total buildable of 3,789 square feet according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 58 feet deep with a total lot size of 1,263 square feet. The zoning is R6A which allows for up to 3 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $3.4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $600 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on August 17, 2023. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Park Slope, The bulk, or 36 percent of the 9.8 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 26 percent of the space. In sales, Park Slope has 2.6 times the average sales volume among other neighborhoods with $892.4 million in sales volume in the last two years and is the 6th highest in Brooklyn. For development, Park Slope has had very little major development activity relative to other neighborhoods.It had 1.1 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space. There were 81 pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of two of the 10 commercial properties representing 7,033 square feet of the 30,647 square feet. The two identified owners are Herman Minkin and Albert Dayan.
There are no active new building construction projects on this tax block.

The majority, or 80 percent of the 30,647 square feet of built space are mixed-use buildings, with walkup buildings next occupying 20 percent of the space.

The seller

The PincusCo database currently indicates that Albert Dayan owned at least 10 commercial properties with 26 residential units in New York City with 33,060 square feet and a PincusCo-determined asset value of $30.7 million. The portfolio has $2.1 million in debt, borrowed from Valley National Bank. Within the portfolio, the bulk, or 87 percent of the 33,060 square feet of built space are mixed-use properties, with walkup properties next occupying 12 percent of the space.

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