Conway Capital pays $2.8M for 9-unit rental in Downtown Brooklyn

Conway Capital through the entity 128 Montague St LLC paid Gary Pan’s Adkha Realty Corp. $2.8 million for 128 Montague Street in Downtown Brooklyn. The deal closed on February 17, 2021 and was recorded on March 9, 2021. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 9 residential units. The property is 8,022 square feet. The parcel(s) have total development potential of 8,022 square feet.
The average sale price per square foot is $349.

The contract date was December 3, 2020.
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 $144,000.

Direct link to Acris document. link
The signatory for the buyer was Abe Cohen.