Cohen family’s Conway Capital pays $11.5M for four Brooklyn rental properties
The Cohen family’s Conway Capital paid $11.5 million for four small Brooklyn rental properties with 10 units in four separate transactions recorded yesterday. Abe Richard Cohen, president of Conway, was the signatory for the buyer entities. The purchased included multiple buying entities.
In the largest, Conway Capital through the entity 74th First Place CC LLC paid Carolyn Russo $3.5 million for 74 1st Place in Carroll Gardens. The deal closed on June 19, 2020, and was recorded on June 25, 2020. The transaction consists of 1 parcel, including the tax class four families (C3) and containing 4 residential units. The property is 5,324 square feet. The parcel(s) have total development potential of 7,499 square feet.
The average sale price per square foot is $467.
Most of the buildings on the block are owned by individuals and not LLCs. The contract date was June 19, 2020, the same date as the closing.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the second, Conway Capital through the entity 228 Livingston Street CC LLC paid Asher Mandel, Administrator $3.3 million for 228 Livingston Street in Brooklyn Heights. The deal closed on June 19, 2020, and was recorded on June 25, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4) and containing 2 residential units. The property is 4,290 square feet. The parcel(s) have total development potential of 13,798 square feet.
The average sale price per square foot is $239.
The contract date was February 4, 2020.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the third, Conway Capital through the entity 710 Degraw St Cc LLC paid Rios, Luis A $2.7 million for 710 Degraw Street in Park Slope. The deal closed on June 19, 2020, and was recorded on June 25, 2020. The transaction consists of 1 parcel, including the tax class four families (C3) and containing 4 residential units. The property is 3,938 square feet. The parcel(s) have total development potential of 5,830 square feet.
The average sale price per square foot is $463.
The contract date was February 25, 2020.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
In the fourth, Conway Capital through the entity 302 5th St Cc LLC paid Quis, Allan $2.0 million for 302 5th Street in Park Slope. The deal closed on June 19, 2020, and was recorded on June 25, 2020. The transaction consists of 1 parcel, including the tax class three-family (C0) and containing 3 residential units. The property is 2,772 square feet. The parcel(s) have total development potential of 3,992 square feet.
The average sale price per square foot is $501.
The contract date was June 19, 2020, the same date as the closing.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link