FPM Global pays $8M to Gustavo Masri for property in Crown Heights

FPM Global Investments through the entity Learjet 60 Group, LLC paid Gustavo Masri’s Brooklyn Development Partners, Lp $8 million for 703 Washington Avenue in Crown Heights. The deal closed on February 16, 2021 and was recorded on March 11, 2021. The transaction consists of 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1).
The signatory for the buyer was Florencia Pia Montecchiarini.

The last time the property sold was September 30, 2016 for $5,500,000. The address of the seller is the same as Mast Capital in Coconut Grove, Fl.
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 has been one new building permit application Those plans include a total of 22 residential units.

There has been one demolition project filed for the parcels over the past five years.

Direct link to Acris document. link