Bryant Park Holdings through the entity 854 Prez LLC paid $5.5 million to Simon J. Anderson and Christina V. Anderson through the entity Anderson, As Trustee, Christina V for the two-unit building (B3) at 854 President Street in Park Slope, Brooklyn.
The deal closed on June 28, 2023 and was recorded on June 29, 2023. The property has 4,072 square feet of built space and 1,920 square feet of additional air rights for a total buildable of 6,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,350 and the price per buildable square foot is $916 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 June 21, 2010, for $2.7 million. The signatory for Simon J. Anderson and Christina V. Anderson was Simon J. Anderson and Christina V. Anderson. The signatory for Bryant Park Holdings was Ernest Getz.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer Bryant Park Holdings had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Simon J. Anderson had not purchased any other properties and had not sold any properties over the same time period.
The 1-4 family building with 2 residential units in Park Slope has 4,072 square feet of built space and 1,920 square feet of additional air rights for a total buildable of 6,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 2,000 square feet. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The property is in the Park Slope Historic District. The city-designated market value for the property in 2022 is $3.7 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 not received any significant violations in the last year.
There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.
On this tax block, PincusCo has identified the owners of eight of the 19 commercial properties representing 59,548 square feet of the 122,201 square feet. The largest owner is Marc Berman, followed by Jonathan Holman and then Icon Realty Management.
There are no active new building construction projects on this tax block.
The majority, or 40 percent of the 122,201 square feet of built space are walkup buildings, with elevator buildings next occupying 37 percent of the space.
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