Charney Companies pays $3.8M to Flatiron Real Estate for rental in Park Slope

Charney Companies through the entity 14 Lincoln Place Owner LLC paid $3.8 million to Flatiron Real Estate Advisors through the entity Garendean Realty Owner LLC for eight-unit rental (C1) at 14 Lincoln Place in Park Slope, Brooklyn.
The deal closed on November 15, 2021 and was recorded on December 13, 2021.
The property has 8,960 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $424 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 April 24, 2014, for $3.5 million.
The signatory for Flatiron Real Estate was Dean Maltz. The signatory for Charney Companies was Samuel Charney.

The seller LLC was listed in care of Flatiron Real Estate Advisors’ address. Dean Maltz, an architect, signed on the deed as well as previous loans. He is also named in connection with the LLC.
The owners according to the Department of Housing Preservation and Development includes Sari Ancona, head officer and Steven Ancona, officer. The business entity is Garendean Realty Owner, Llc.

Within a 400-foot radius of 14 Lincoln Place, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
Of those six items, two were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $767,053 and one initial temporary certificate of occupancy issuance for a project that initially costed $512,625. The most recent of these two items was the permit on August 14, 2020 for a 4,187-square-foot R-2 building with three residential units at 199 5th Avenue.
Of those six items, two were sales above $5 million totaling $23.2 million. The most recent of the two was Greenbrook Partners which bought the 14,800-square-foot, 10-unit rental (C7) on 159 5th Avenue for $14.8 million from Blake Partners on November 13, 2019.
Of those six items, two were loans above $5 million totaling $19.0 million. The most recent of the two was Resk Ali which borrowed $7.5 million from New York Community Bank secured by the 3,840-square-foot, four-unit mixed-use building (S3) on 139 5th Avenue and three other properties on July 8, 2021.

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