Conway Capital pays $9M rental in Boerum Hill

Abe Cohen’s Conway Capital through the entity Atlantic Avenue Portfolio CC LLC paid Elaine Cohen’s Atlantic DTB LLC $9 million for 214 Atlantic Avenue, 216 Atlantic Avenue, and 218 Atlantic Avenue in Boerum Hill. The deal closed on January 6, 2021 and was recorded on January 19, 2021. The transaction consists of 3 parcels, including the tax class primarily three family with store or office (S3) and containing 7 residential units. The properties have a total of 11,511 square feet of built space.
The average sale price per square foot is $686.

The contract date was October 27, 2020. The last time the property sold was January 30, 2014 for $3,725,000.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $80,740.

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