Conway Capital buys out majority stake of Brooklyn Heights rental for $4M

Conway Capital through the entity 152 Montague Street Conway LLC paid members of the Dabah, Harary, Silverman and others families $4.1 million for a 73.75 percent stake in 152 Montague Street in Brooklyn Heights. The deal closed on August 3, 2020, and was recorded on August 19, 2020. The transaction consists of a stake in one parcel, including the tax class multifamily, more than six families with stores (C7) and containing 7 residential units. The property is 5,500 square feet. The parcel(s) have total development potential of 8,600 square feet.

Conway Capital consolidated its ownership of the property, paying $4.1 million to 10 entities controlled by members of the families Dabah, Silverman, Harary and others. The last time the property sold was September 24, 2019, for $4,700,000.

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 $183,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link